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OPEC
News and stories about OPEC
Algeria took the top spot as Africa's largest crude oil producer for October, followed by Angola
The long-term potential for natural gas is based on sufficient gas resources and its relatively low CO2 emissions
Dangote Refinery is the largest of all the refinery additions that are expected across Africa in the medium term
The United States President, Joe Biden, has warned that the de-facto leader of OPEC+ would face the consequences...
OPEC members had expressed worries that the global economy is slowing down quickly in the face of quickly tightening monetary policy,
The output cut is coming on the heels of the uncertainty that surrounds the global economy and oil market outlooks and the need to enhance the long-term guidance for the oil market
On Wednesday, October 5, the Organization of Petroleum Exporting Countries (OPEC+) agreed on a 2 million barrels per...
The planned cuts would also strike a major blow to the United States' efforts to keep the prices stable due to inflationary pressures in the world’s largest economy.
Some of the officials across the US government’s economic and foreign policy teams have also been involved in reaching out to OPEC governments as part of the latest effort to stave off a production cut
The Trans-Niger pipeline was inactive as of April 2022 due to oil theft. According to NOSDRA, the pipeline discharged crude oil into the environment and spread to farmlands.
The producer group's worry that the global economy is slowing down quickly in the face of quickly tightening monetary policy would be reflected in a larger-than-expected drop
Source from OPEC said that the group will likely agree on a production cut but gave no indication of the volumes.