Tag
OPEC
News and stories about OPEC
The Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Haitham Al Ghais has said that many global Net-Zero policies have unrealistic targets and timelines and have little regard for developing countries with energy poverty.
Nigeria, Africa’s biggest oil producer, has set a target of boosting daily production by 2.7 million barrels of crude...
U.S. President Donald Trump has vowed to impress on Saudi Arabia and the Organisation of Petroleum Export Countries (OPEC) to crash the price of crude oil in the global market, arguing that it would end the war between Russia and Ukraine.
Petroleum Engineer and Oil and gas analyst, Dr Bala Zakka, has criticised the Federal Government for failing to...
The World Bank has projected that Nigeria’s economy will grow by 3.5% in 2025 and improve slightly to...
The Organization of the Petroleum Exporting Countries (OPEC) has forecast global oil demand growth rate at 1.4 million barrels per day (mb/d) in 2025, with a similar growth rate expected in 2026.
Oil refineries in China and India which are customers of Russia are turning to oil giants in the Middle East in fears that the latest U.S. sanctions on Moscow may create a supply gap.
Global oil prices retreated on Monday, breaking a five-session rally, as a robust U.S. dollar weighed on the market ahead of critical economic updates from the Federal Reserve and the U.S. labor market, Reuters reports.
The Organization of the Petroleum Exporting Countries (OPEC) may no longer wield the market-shaping power it once did...
OPEC+ does not have the capacity to push oil prices significantly higher, according to global energy market expert and founder of Vanda Insights, Vandana Hari.
Global oil prices took a hit on Friday, reflecting growing anxiety over demand growth prospects in 2025.
Nigeria has maintained its top spot as Africa's largest oil producer, according to the Organisation of the Petroleum Exporting Countries (OPEC).