The OPEC challenge
Angola rattled the unity the Organisation of Petroleum Exporting Countries (OPEC) 16 years after the country’s membership of the group when it recently withdrew its membership in protest about cut …
The OPEC challenge Read MoreBlueprint gives you the latest Nigerian news in one place. Read the news behind the news on burning National issues, Kannywood, Videos and the Military
Angola rattled the unity the Organisation of Petroleum Exporting Countries (OPEC) 16 years after the country’s membership of the group when it recently withdrew its membership in protest about cut …
The OPEC challenge Read MoreOPEC nations Iraq, Nigeria and the Republic of Congo affirmed their commitment to the oil-producer group following the exit of Angola last week. Congo’s Minister of Hydrocarbons, Bruno Jean-Richard Itoua, …
Nigeria, two others recommit to OPEC after Angola’s exit Read MoreThe prediction by analysts that following the cut in crude oil production by the Organisation of Petroleum Exporting Countries and others (OPEC+) analysts Brent prices could hit $100 by the …
The good tidings from OPEC Read MoreThe Organization of Petroleum Exporting Countries (OPEC) may be looking at announcing a major output slash to boost oil market prices. An OPEC+ source told Reuters on Monday that the …
OPEC ponders production cuts to boost market prices Read MoreThe Organization of Petroleum Exporting Countries (OPEC) has said that the world needs $14 trillion in cumulative investments in the oil sector by 2045 to ensure market stability and avoid …
Global oil market stability requires $14trn investment by 2045 – OPEC Read MoreThe Organisation of the Petroleum Exporting Countries (OPEC) and its allies have reaffirmed their commitment to continue cutting a total of at least 1.3 million barrels per day as crude …
OPEC restates commitment to cut supply as crude oil price falls Read MoreThe Organization of Petroleum Exporting Countries (OPEC)+ is not likely going to make any changes to the current oil output policy as tighter supplies and resilient demand drive an oil …
OPEC may not change current oil output policy Read MoreOil production output by the Organisation of the Petroleum Exporting Countries (OPEC) fell in July as outages curbed Nigerian supply. The decline was also caused after Saudi Arabia made an …
Again, Nigeria cut short OPEC’s production output in July Read MoreThe Organisation of Petroleum Exporting Countries (OPEC), has predicted a rise in global energy demand by 2045. According to OPEC’s Secretary General, Haitham Al Ghais, global primary energy demand is …
OPEC says global energy demand to rise 23% by 2045 Read MoreThe Organization of Petroleum Exporting Countries and others (OPEC+) members have agreed to maintain their current supply curbs to the end of 2024, following a weekend of intense oil meeting …
OPEC lowers Nigeria’s 2024 production quota to 1.38mbpd Read MoreOil prices surged on Monday after Saudi Arabia and other OPEC+ producers announced a surprise cut in their output target, a move that rippled through stock markets and boosted the …
Oil prices jump over 5% on as OPEC+ cut output Read MoreThe Organization of the Petroleum Exporting Countries, OPEC, has demonstrated flexibility in management of oil production cut, says Saudi Arabia’s Energy Minister. The Minister Prince Abdulaziz bin Salman, said oil …
OPEC has been flexible with production cut management – Official Read MoreOPEC’s top official urged countries to invest much more in oil to meet the world’s future energy needs and said climate policies need to be more “balanced and fair.” “It …
OPEC urges countries to invest more in oil Read MoreAfter raising its forecasts for world oil demand in the medium-and longer-term in an annual outlook released on Monday the Organization of the Petroleum Exporting Countries, OPEC, said $12.1 trillion …
$12.1trn investment required to meet global oil demand – OPEC Read MoreOPEC raised its forecasts for world oil demand in the medium-and longer-term in an annual outlook released on Monday and said$12.1 trillion of investment is needed to meet this demand …
$12.1trn needed to meet global oil demand – OPEC Read MoreSaudi Aramco has told at least seven customers in Asia they will receive full contract volumes of crude oil in November ahead of the peak winter season, several sources with …
Saudi Aramco to maintain full oil supplies to Asia in Nov despite OPEC+ cuts Read MoreAfter several weeks of declines, oil began October trade with a gain driven by plans by OPEC+ to reduce production by a substantial amount. At the end of last month, …
Oil prices rally into October as OPEC+ plans production cut Read MoreWorld oil demand growth in 2022 remains unchanged at 3.1 mb per day, the Organisation of Petroleum Exporting Countries (OPEC) has said. OPEC, in its Monthly Oil Market Report for …
Global demand stable, Nigeria’s production drops to 972,000pd in August Read MoreThe Organisation of Petroleum Exporting Countries, OPEC has cut its forecast for growth in world oil demand in 2022 for a third time since April, citing the economic impact of …
OPEC cuts oil demand forecast, citing Russia, Ukraine war Read MoreThe Nigeria Security and Civil Defence Corps (NSCDC) has been in the news lately. BODE OLAGOKE reports that everything is being done to reposition the agency towards addressing its core …
Repositioning NSCDC to deliver on core-mandates Read MoreOil fell on Tuesday after a two-day rally as concern returned about weaker demand and the prospect of more interest rate hikes, trumping support from OPEC+’s first output target cut …
Oil slides as demand fears return after OPEC-led rally Read MoreOil prices jumped about $3 a barrel on Tuesday after Saudi Arabia floated the idea of OPEC+ output cuts to support prices in the case of returning Iranian crude and …
Oil jumps $3/b to $99 on possible OPEC+ tightening as Iran deal looms Read MoreAs the OPEC+ group gather this week to deliberate on production targets, there are indications that the group may not agree on the next line of action. OPEC+’s current production …
Production: OPEC+ may keep production quota unchanged Read MoreOPEC producers will need to pump crude at the fastest pace in five years in 2023 if they are to balance oil supply and demand. Capacity constraints suggest they may …
OPEC’ll struggle to balance supply, demand in 2023 – Report Read MoreNigeria is struggling to produce 1.21 million barrels per day in contrast to its 1.4 million barrels handed to it by the Organisation of the Petroleum Exporting Countries (OPEC). Group …
Nigeria struggles to meet oil quota, loses 20% production to thieves Read More