Tag: OPEC
OPEC+ to continue to increase oil output in October
Vienna, Sept. 8, 2025 (Xinhua/NAN) The Organisation of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, has decided to...
We see energy demand rising by 23% by 2045 – OPEC
The Organisation of the Petroleum Exporting Countries (OPEC) says energy demand will rise by an estimated 23 per cent by 2025.
OPEC says the rise...
OPEC woos Namibia as African nation prepares to produce from 2030
The OPEC+ oil producers group is eyeing Namibia for possible membership as it sets up what could be Africa’s fourth-largest output by the next...
Stakeholders raise concern as Nigeria’s inflation rate rises to 31.70%
The challenge of spiraling inflation and how to stem the tide has been central to stakeholder engagements in recent times.
According to analysts at CardinalStone...
Nigeria has made positive contributions to OPEC – Secretary-General
The Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), Haitham Al-Ghais, said Nigeria had made positive contributions to the organisation since...
NNPC Ltd and OPEC Pledge Collaboration to Boost Nigerian Oil Industry
ABUJA - The Nigerian National Petroleum Company Limited (NNPC Ltd.) and the Organisation of the Oil Exporting Countries (OPEC) have vowed to collaborate closely...
Crude Oil: OPEC daily basket price now $90.46 per barrel
The price of the Organisation of the Petroleum Exporting Countries (OPEC) basket of 13 crude oil samples stood at $90.46 per barrel as at...
Omicron variant: OPEC says crude oil spot prices dropped by $1.74...
The Organization of the Petroleum Exporting Countries (OPEC) says crude oil spot prices dropped by $1.74, or 2.1 per cent, in November 2021 to...
Nigeria regains top crude oil production spot in Africa – OPEC...
Nigeria has
regained the top spot among crude oil producing countries in Africa with the nation’s crude oil production averaging 1.27 million barrels per day...
$11.8trn investments required between 2021-2045 in oil sector- OPEC
The Organisation of the Petroleum Exporting Countries (OPEC) says that investments of 11.8 trillion dollars will be required between 2021 and 2045 in the...
African Energy Chamber Calls for Extension, compliance with production cuts ahead...
The African Energy Chamber has called on African producers to extend production cuts and remain compliant with their obligations as the OPEC prepares to...
2020: Oil prices rise on OPEC deficit forecast
Oil prices rose on Thursday, recouping some of the previous session’s losses after OPEC forecast a supply deficit next year and the U.S. Federal...
