Organization of the Petroleum Exporting Countries (OPEC)

The Speaker of the House of Representatives, Femi Gbajabiamila, and the All Progressives Congress, APC, presidential candidate Bola Tinubu, have described the demise of the Secretary-General, Organisation of Petroleum Exporting Countries,…

The Senate President, Ahmad Lawan, mourned the death of the Secretary-General of the Organisation of Petroleum Exporting Countries, Mohammed Barkindo. Lawan describes the sudden death of Barkindo, who was to conclude his second term at…

Mr Mohammad Barkindo, the Secretary-General, Organisation of the Petroleum Exporting Countries (OPEC), has lauded the 2016 multilateral Declaration of Cooperation (DoC) between OPEC and non-OPEC producers. Barkindo said it was one of the…

Brent crude futures rose towards $85 per barrel on Tuesday, amid reports that OPEC failed to reach output targets in October. OPEC’s oil output rose 190,000 barrels per day in October, falling short of the 254,00 increase…

Nigeria's oil exploration according to reports dropped by 70 per cent in February 2021, according to the Organisation of Petroleum Exporting Countries, OPEC. In its March 2021 report obtained by Energy Vanguard, the organization put the…

The Organisation of Petroleum Exporting Countries (OPEC) has put Nigeria’s February 2021, oil output at 1.4 million barrels per day, mb/d, excluding Condensate. This is according to the March Oil Market Report, Thursday, March 11, 2021,…

For the first time in 2021, the price of oil has risen to $71.28 per barrel in the international market, barely a few days after the Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC members had resisted pressure to increase…

Oil prices rose for a second straight session on Thursday, as the possibility that OPEC+ producers might decide against increasing output at a key meeting later in the day lent support, alongside a drop in U.S. fuel inventories. Brent…

The Organisation of Petroleum Exporting Countries (OPEC), has congratulated Dr Ngozi Okonjo-Iweala, on her emergence as the Director-General of the World Trade Organisation (WTO). #OPEC SG #HEBarkindo has congratulated Dr @NOIweala on…

According to the Organisation of Petroleum Exporting Countries, OPEC, there are indications  that oil exploration has dropped by 150 per cent in Nigeria in the past year, due mainly to the prolonged delay in the passage of the nation’s…