OPEC

OPEC Secretary General to Highlight Future of African Oil Investment Prospects at AEW 2024   Africa’s burgeoning oil market, accounting for more than 10% of the global oil output, plays a vital role in meeting global energy demand, shaping energy security, and stabilizing the global economy. As the continent expands its oil activities for energy […]

We anticipate bright future for Africa’s oil industry with substantial opportunities for growth   By HE Haitham Al Ghais   It is an honour for me and the Organization that I represent, the Organization of the Petroleum Exporting Countries (OPEC) to participate in the 7th edition of the Nigeria International Energy Summit (NIES). I stand on previous protocols and extend my best

We anticipate bright future for Africa’s oil industry with substantial opportunities for growth   By HE Haitham Al Ghais It is an honour for me and the Organization that I represent, the Organization of the Petroleum Exporting Countries (OPEC) to participate in the 7th edition of the Nigeria International Energy Summit (NIES). I stand on

A history of ‘unrealized’ peaks By Haitham Al Ghais, OPEC Secretary General   The idea of oil supply peaking, or so-called peak oil, surfaced as early as the 1880s, with some predicting a looming exhaustion in the US due to the demise of the Pennsylvania oil fields. US and global oil production, however, was still

Oil market: Joint Ministerial Monitoring Committee meeting ends   The 52nd Meeting of the Joint Ministerial Monitoring Committee (JMMC) that took place via videoconference has ended. In a statement obtained by The Daily, www.thedaily-ng.com, OPEC, stated: “The JMMC reviewed the crude oil production data for the months of November and December 2023 and noted the

The Republic of Equatorial Guinea shares the same core values as OPEC/OPEC+, in its strategic positioning and vision in the world, but above all, in the constant objective of improving the standard of living of the people, to whom we owe a position of responsibility and solidarity, through a policy that imprints certainty in the

OPEC extends condolences on sad passing of HH Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah   The Organization of the Petroleum Exporting Countries (OPEC) offers its deepest and heartfelt condolences on the passing of His Highness Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah, Amir of the State of Kuwait, to the leadership of the State of Kuwait, its ruling

Saudi Arabia, Iraq, UAE remain top 3 oil producers — OPEC   By Eyo Nsima The Organisation of Petroleum Exporting Countries, OPEC, said Saudi Arabia, Iraq and United Arab Emirate remain the top three oil producing countries with 8.818 million barrels per day, bpd, 4.093 million bpd and 2.894 million bpd, respectively. In its December