UAE Backs Out Of OPEC Pressure For Additional Production Cut
The United Arab Emirates(UAE) is backing out of fresh pressure from the Organization of Petroleum Exporting Countries, OPEC, demand for ...
Tag: OPEC+
OPEC Cuts Nigeria’s Oil Quota By 20% To 1.38m Barrels
The Organization of Petroleum Exporting Countries (OPEC) and its allies, has agreed to cut global oil production by 1.393 million ...
Major Shipment Delay From Nigeria Affects OPEC’s April Output
The Organization of Petroleum Exporting Countries, (OPEC) oil output fell in April due to a halt in some of Iraq’s ...
OPEC Reports Biggest Production Decline In 10 Months
The Organisation of Petroleum Exporting Countries (OPEC+) in March reported the biggest decline in their collective production in 10 months. ...
OPEC Seeks Joint Action Among Members Over Market Volatility
The Organisation of Petroleum Exporting Countries (OPEC) is becoming sensitive and restless over perceived market volatility. The Organisation’s secretary general, ...
Nigeria’s Production Turnaround Boosts OPEC February Output
Oil production recovery in Nigeria has boosted overall output of the Organisation of Petroleum Exporting Countries(OPEC) in February 2023. The ...
OPEC Retains Output Level Despite Russia’s Cutback Threat
The Organisation of the Petroleum Exporting Countries (OPEC) and partners have signaled they won’t boost oil production to fill in ...
OPEC Optimistic On Oil Demand Over China Reopening
The Organisation of Petroleum Exporting Countries (OPEC), has expressed optimism forecasting a ‘more upbeat’ economic outlook as China reopens after ...
OPEC Predicts Balanced Oil Market In Q1
The Organisation of Petroleum Exporting Countries(OPEC) expects global oil supply and demand to be in balance in the first quarter ...
$12.1trn Investment Required To Meet Global Oil Demand – OPEC
After raising its forecasts for world oil demand in the medium-and longer-term in an annual outlook released on Monday, the ...