Tag: OPEC

OPEC Secretary-General Mohammad Barkindo said on Wednesday that world oil consumption would hit 100 million barrels per day later this ...

Brent crude oil fell 1 percent on Monday as investors prepared for an extra 1 million barrels per day (bpd) ...

Russia and other non-members of Organisation of Petroleum Exporting Countries (OPEC) have agreed to join OPEC in raising oil production ...

Iran said on Tuesday OPEC was unlikely to reach a deal on oil output this week, setting the stage for ...

The Nigerian National Petroleum Corporation has appointed Mele Kyari as the national representative to the Organisation of Petroleum Exporting Countries, ...

Oil prices hit their highest levels since 2014 on Wednesday, January 10, due to ongoing production cuts led by OPEC ...

Iran’s oil minister said on Monday that a majority of OPEC members support extending output cuts but a final decision ...

Despite the threat posed by electric vehicles (EV) and targets set by countries to halt petrol-fueled cars, oil will still ...

Global oil benchmark, Brent crude, hit a 28-month high on Monday. Brent, against which Nigeria’s crude oil is  priced, rose ...

Oil prices hit their highest levels since July 2015 early on Monday as markets tightened, while Saudi Arabia’s crown prince ...