By Emmanuel Addeh Abuja — Nigeria lost at least 52 million barrels of crude oil between May and December 2020 to COVID-19-induced compulsory supply cuts imposed by the Organisation of ...
By Dr Neil Quilliam The new Murban oil futures contract is a further sign of UAE's wavering commitment to OPEC, desire for independence, and hopes of partnering with global powers. ...
By Emmanuel Addeh Abuja — Ahead of its long-awaited decision today, the Organisation of Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, are considering rolling over ...
"There is little doubt, too, that U.S. oil companies are especially vulnerable right now." By Scott L. Montgomery The world is again undergoing an oil shock. Prices, already on a ...
Responding aggressively to the collapse of its OPEC+ alliance, Saudi Arabia plans to increase oil output next month, going well above 10 million barrels a day. By Ayodeji Adegboyega Saudi ...
By Udeme Akpan The Organisation of Petroleum Exporting Countries, OPEC, has adopted measures, targeted at preventing the spread of Coronavirus, as the 178th Extraordinary Meeting of OPEC Conference and the ...
Many experts and analysts expect OPEC+ to decide on extending the current pact rather than deepening the cuts. Only a few days is left before the unveiling of a big ...
OPEC's export to China has risen from over $5.5 billion in 2000 to over $104 billion in 2018. Meanwhile, imports from China have also drastically jumped from $8.3 billion in ...
Mohammad Sanusi Barkindo, Secretary General of Opec, and his GECF counterpart, Yury Sentyurin, signed the memorandum of understanding (MoU) on the sidelines of the Russian Energy Week forum in Moscow. ...
President João Lourenço has made it a priority to revive Angola’s oil and gas sector through regulatory reform and changes to the tax framework, which have encouraged international oil companies ...
