Oil in panic mode on calls for Joe Biden to open Strategic Petroleum Reserve
In response to President Biden's suggestion that the Strategic Petroleum Reserve be used to counter the surge in gasoline prices ...
Tag: Organization of Petroleum Exporting Countries
OPEC reduces growth forecast for global oil demand for 2021
The Organization of Petroleum Exporting Countries (OPEC) has lowered its growth forecast for global oil demand in 2021. OPEC in ...
FG hopeful as they write OPEC to seek for increased oil production quota
Nigeria has officially written to the Organization of Petroleum Exporting Countries (OPEC), requesting a higher production quota based on the ...
Nigeria’s crude oil production falls by 90,000 BPD in August despite OPEC increase – report
Nigeria’s crude oil production for the month of August fell by as much as 90,000 barrels a day to a ...
OPEC+ deadlock in production cuts
The market has reacted positively to the meetings organized by OPEC+, and prices have become volatile in movement.
OPEC cuts oil demand outlook again as spike in coronavirus slows recovery
Renewed spike in coronavirus cases in major economies slowing down the oil demand recovery has forced OPEC to revise expectations.
OPEC+ agrees to output cuts extension, as crude oil prices hit over $42 per barrel
The group has agreed to maintain its current output cut of 9.7 million barrels per day till the end of ...
