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OPEC
News and stories about OPEC
The Organization of the Petroleum Exporting Countries (OPEC) has advised the Nigerian National Petroleum Company Limited (NNPCL) to increase oil production in order to take part in the $14 trillion investment opportunity in the global oil market in the nearest future.
The latest data from the Organisation of Petroleum Export Countries (OPEC) crude oil production for January reveals that, Nigeria averaged around 1.427 million barrels of crude oil daily- far below the 2024 budget target of 1.78 million barrels daily production.
The Organization of Petroleum Exporting Countries (OPEC) crude oil production maintained a steady production last month with Nigeria boosting output by an extra 50,000 bpd, a survey by Bloomberg report.
Heineken Lokpobiri, has reaffirmed the nation’s commitment to the membership of the OPEC after Angola, Africa’s second-largest oil producer exited the cartel.
Oil prices saw a 1% increase on Friday due to ongoing tensions in the Middle East stemming from Houthi attacks on ships in the Red Sea.
Angola, a key member of the Organization of the Petroleum Exporting Countries (OPEC) since 2007, has declared its intention to leave the organization.
Monthly oil market report released earlier today by OPEC says Nigeria is top African crude oil producer for November 2023.
Oil prices fell further in the London trading session on Wednesday, hitting five-month lows and heightening concerns.
Haitham Al-Ghais, the Secretary General of the Organization of Petroleum Exporting Countries (OPEC), said it is important to focus on cutting down emissions rather than targeting fossil fuels, which is important to ensure a transition that is just and fair to all.
Brent crude hits $83 per barrel as the Organization of Petroleum Exporting Countries (OPEC) meets today.
OPEC says that its member countries are investing in 4 technologies to reduce emissions.OPEC) says that its member countries are investing in 4 technologies to reduce emissions.
Brent crude price fell to $78 per barrel following OPEC meeting postponement. On Wednesday, November 22, the Organization of Petroleum Exporting Countries (OPEC) announced that the meeting of oil producers which was scheduled to take place on November 26 has now been postponed to November 30.