Tag: OPEC
Maryamu Idris named Nigeria’s OPEC representative
Nigeria has announced the appointment of Maryamu Idris, Managing Director of NNPC Trading Limited, as the country’s new…
OPEC warns of 2030 oil shortage without major investment
The Organisation of the Petroleum Exporting Countries (OPEC) has cautioned that the world could face a significant oil…
Angola to exit OPEC, claims its ‘interest not served’
Angola, a pivotal member of the Organization of the Petroleum Exporting Countries (OPEC) since 2007, has formally communicated…
AfDB lifts financial sanctions off Gabon
President Ali Bongo was overthrown in a coup in August, and Gabon reports that the African Development Bank…
Crude Oil price hits $92 per barrel, as Nigeria faces significantly decrease in production
Brent crude is currently trading at $92.28 a barrel, according to an early Wednesday, September 13 (5:36 AM,…
Nigeria’s oil output cut by 20.7% to 1.38 mb/d
In order to establish market stability, the Organization of Petroleum Exporting Countries (OPEC) and its allies, also known…
USAfrica: Demand for OPEC-13 crude oil anticipated to reach 29.3 mb/d in 2023
According to the monthly oil market report (MOMR) issued by the Organization of Petroleum Exporting Countries (OPEC) on…