OPEC

OPEC’s rig count rises 14.9% to 423 as Non-OPEC leaps to 1,461 — Report By Eyo Nsima The rig count of members of the Organisation of Petroleum Exporting Countries, OPEC, rose year-on-year, YoY by 14.9 per cent to 423 in June 2023, from 368 in the corresponding period of 2022. But on a month-on-month, MoM […]

Global energy demand will rise by 23% between now and 2045 — OPEC By Eyo Nsima The Secretary General, Organisation of Petroleum Exporting Countries, OPEC, HE Haitham Al Ghais, said the global energy demand will rise by 23 per cent between now and 2045. Speaking at the G20 Energy Ministerial Meeting, on 22 July 2023,

Nigeria’s rig count rises 27.3% to 14 — OPEC By Eyo Nsima The Organisation of Petroleum Exporting Countries, OPEC, has disclosed that Nigeria’s rig count rose, year-on-year, YoY, by 27.3 per cent to 14 in June 2023, from 11 in June 2022. It also maintained that on month-on-month, MoM, the country’s rig count rose by

OPEC, WAM sign deal on 8th OPEC International Seminar in Vienna By Eyo Nsima The Organisation of the Petroleum Exporting Countries (OPEC) and Emirates News Agency (WAM) have signed an agreement under which WAM will be a media partner for the 8th OPEC International Seminar to be hosted at the Imperial Hofburg Palace in Vienna,

JUST IN: Oil price hits $77.16 per barrel as OPEC+ meets in Vienna By Eyo Nsima The price of Brent has risen to $77.16 per barrel, from $75 per barrel in the international market as the Organisation of Petroleum Exporting Countries and its allies, popularly known as OPEC+ meet in Vienna, Austria. The prices of

BREAKING: OPEC cuts Nigeria’s oil production by 20.7% to 1. 38 mb/d By Eyo Nsima THE Organisation of Petroleum Exporting Countries and its allies, popularly known as OPEC+ has cut Nigeria’s oil production, excluding condensate by 20.7 per cent to 1.38 million barrels per day, mb/d, from 1.74 mb/d. The decision targeted at achieving stability

BREAKING: JMMC, 35th OPEC and non-OPEC Ministerial Meeting begin soon — Secretariat By Eyo Nsima The Organisation of Petroleum Exporting Countries, OPEC has disclosed that the 49th Meeting of the Joint Ministerial Monitoring Committee (JMMC) and the 35th OPEC and non-OPEC Ministerial Meeting will soon commence. In an update obtained by The Daily, www.thedaily-ng.com, OPEC, stated:

OIL MARKET: Prices rise over $75 per barrel as OPEC+ meeting begins soon in Vienna By Eyo Nsima The prices of many crudes have risen over $75 per barrel in the global market as the Organisation of Petroleum Exporting Countries, OPEC, and its allies, popularly known as OPEC+ plan to hold a crucial meeting. The

OPEC puts world economic growth at 2.6% for 2023 By Eyo Nsima The Organisation of Petroleum Exporting Countries, OPEC, has estimated the 2023 economic growth at 2.6 per cent. In its May 2023 Monthly Oil Market Report, MOMR, obtained by The Daily, www.thedaily-ng.com, the organization, stated: “World economic growth is estimated at 3.3% for 2022 and