Tag: petroleum exporting
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OPEC fund grants $233 million for global economy
By Adedapo Adesanya The Organization of the Petroleum Exporting Countries (OPEC) Fund for International Development has approved $233 million in new funding to support economic recovery, ... -
War in Ukraine threatens oil demand and investment, says OPEC
Grant Smith 03/15/2022 (Bloomberg) – Russia’s invasion of Ukraine threatens to intensify a surge in global inflation, hurting oil demand and investment, the Organization of the ... -
Africa’s 125 billion oil reserves at risk – OPEC – Nigeria – The Guardian Nigeria News – Nigeria and World News
The energy transition threatens 16 tscm of gas The Organization of the Petroleum Exporting Countries (OPEC) has warned that the continued push against hydrocarbons could threaten ... -
A Complete Guide to the Organization of the Petroleum Exporting Countries (OPEC)
What is OPEC? The Organization of the Petroleum Exporting Countries (OPEC) is a group of 13 of the world’s largest oil exporting countries. It was ... -
Nigeria’s oil minister says he expects his country to meet OPEC quota by the end of the year -CERAWeek
Band Arathy Somasekhar March 8 (Reuters) – Nigeria’s Minister of State for Petroleum Resources, HE Chief Timipre Marlin Sylva, said on Tuesday he expects the country ... -
Oil price tops $105 a barrel ahead of OPEC+ meeting
The world price of oil rose above $105 a barrel ahead of a meeting of the Organization of the Petroleum Exporting Countries (OPEC) and its allies, ... -
Saudi Arabia increases oil production to 10 million barrels per day
Sunday February 20, 2022 3:12 p.m. Saudi Arabia’s crude oil production has soared to more than 10 million barrels per day (bpd) according to data from ... -
OPEC, NNPC and Other Stakeholders to Discuss Upstream Gas Investments at Nigeria Energy Forum
FILE PHOTO – A flag with the Organization of the Petroleum Exporting Countries (OPEC) logo is seen ahead of a news conference at OPEC headquarters in ... -
Barkindo wins a special award for his achievements – SoundiataPost
Dr. Mohammad Barkindo, Secretary General of the Organization of the Petroleum Exporting Countries (OPEC) received a special award at the Egypt Petroleum Show (EGYPS) 2022 for ... -
Nigeria: Government rejects two shipments of adulterated gasoline imported from Belgium
Following the circulation of adulterated gasoline in Nigeria, which damaged vehicle engines last week, the federal government turned away two tankers carrying loaded gasoline in Antwerp, ... -
Freight from Saudi ports up 5% in January
LONDON: OPEC said on Thursday that its already strong forecast for global oil demand in 2022 showed upside potential, as the global economy shows a strong ... -
OPEC and allies remain cautious
FRANKFURT, Germany — The OPEC oil cartel and allied producing nations are sticking to cautious increases in the amount of oil they send to the global ... -
Oil revenue plunges as Nigeria misses OPEC’s January quota
Posted February 2, 2022 • FG officials blame vandalism, delay in PIA implementation, etc. Nigeria missed its crude oil production target for January 2022, pumping 1.46 ... -
Major oil producers to meet amid record crude prices
LONDON — The world’s major oil-producing nations will meet on Wednesday to discuss a further increase in production, as crude prices hit seven-year highs, rocked by ... -
Oil from Guyana: the price is right… for now
Once upon a time, the price of sugar on the world market was closely watched by Guyana’s largest industry. Now that the dollar value of oil ... -
Nigeria lost 74.51 billion naira in oil revenue in December, OPEC says
Posted January 23, 2022 A The new monthly report from the Organization of the Petroleum Exporting Countries showed a drop in Nigeria’s crude oil production in ... -
Azerbaijan and OPEC discuss future cooperation
Azerbaijani Foreign Minister Jeyhun Bayramov and Secretary General of the Organization of the Petroleum Exporting Countries (OPEC) Mohammed Barkindo discussed cooperation prospects in Vienna, Austria, the ... -
On pilgrimage tour, OPEC Secretary General visits the city of Ur in Iraq
Ur, Nasiriya, Iraq, January 9, 2022 – OPEC Secretary General HE Mohammad Sanusi Barkindo and an accompanying delegation visited the ancient city of Ur in Nasiriya, ... -
PHOTOS: Barkindo visits Iraq ahead of OPEC’s 60th anniversary commemoration
Mohammad Barkindo, Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), visited the Al-Shaab Hall in Baghdad, capital of Iraq. Barkindo visited the room ... -
OPEC optimism rises, but a massive sell-off could be ahead
Meanwhile, RBC’s Croft warns of geopolitical tensions: File Image / Pixabay Oil prices on Tuesday benefited from another session of gains, propelled by the Organization of ... -
OPEC + should stick to existing production policy at Jan. 4 meeting, sources say
OPEC and its allies are likely to stick to their current policy of modest monthly increases in oil production at a meeting next week, four sources ... -
Nigeria to remain Africa’s top oil producing country – OPEC – Blueprint Newspapers Limited
Faced with uncertainties posed by the new Omicron version of COVID-19, Nigeria could retain its first place in crude oil production in Africa until the first ... -
Oil prices mixed, US crude drops after COVID-19 flight cancellations
Oil production in Azerbaijan Vostok | Getty Images Oil prices were mixed on Monday, with Brent rising slightly as U.S. crude futures fell after airlines canceled ... -
The dynamics of the oil market are changing | OPEC
Earlier this month, the Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC +, announced their decision to stick to ... -
OPEC to continue with oil market supply adjustments, chief says
MILAN, Dec. 4 (Reuters) – The Organization of the Petroleum Exporting Countries (OPEC) will continue to make supply adjustments for the oil market, OPEC’s secretary general ... -
OPEC Plus maintains its oil production plans
When officials from OPEC, Russia and other oil-producing countries met by video conference on Thursday, they had cause for concern. The biggest concerns were whether the ... -
OPEC’s increase in oil production in November again falls short of target
OPEC production increases 220,000 bpd from October Compliance with OPEC + reduction promises drops to 120% Angola and Nigeria among producers unable to meet targets Release ... -
Oil drops again on OPEC surplus warnings as analysts disagree on market outlook
But lack of investment seems to guarantee tight supplies in the short term, says Vitol: File Image / Pixabay Crude trading on the we Thanksgiving Thursday ... -
The last founding delegate of Opec has died
The last surviving delegate from the conference that founded OPEC has died at his home in Abu Dhabi. After the July 17 revolution brought hard-line members ... -
OPEC maple syrup taps into its inventory to ensure your pancakes are covered by Bloomberg
© Reuters. OPEC maple syrup taps into its inventory to make sure your pancakes are covered (Bloomberg) – Fear not, pancake lovers. The maple syrup OPEC ... -
Emirates news agency – UAE’s reception of COP28 a historic opportunity for global energy sector: OPEC Secretary General
Wed 11-17-2021 7:46 PM ABU DHABI, November 17, 2021 (WAM) – Mohammed Barkindo, Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), said the ... -
Iran: crude oil production up 0.8% in September (OPEC sources)
The latest figures from the Organization of the Petroleum Exporting Countries (OPEC) show Iranian crude production edged up in September to 2.503 million barrels per day ... -
BP’s quarterly profit increases as oil and gas prices soar
BP said on Tuesday that higher prices for oil and natural gas led to a sharp increase in profits in the third quarter. The company said ... -
OPEC is not anxious to “help us”
Crude prices remain at levels not seen since 2014, fueled by demand that continues to exceed supply. At the same time, natural gas prices have retreated ... -
Opec welcomes Adnoc’s “bold step” to harness nuclear and solar energy for the electricity grid
The Organization of the Petroleum Exporting Countries (OPEC) hailed Abu Dhabi National Oil Company’s decision to harness solar and nuclear power to power up to 100% ... -
6 petroleum resources to stay on top of the evolution of energy markets
For over six years now, my weekly Investing.com column – over 300 and up – provided readers with analysis on what’s hot in the oil markets. ... -
Gas prices continue to rise as the holidays approach
October 17 – Motorists in Berks County faced harsh weather conditions last summer. However, when it comes to the price of a gallon of gasoline, they’re ... -
OPEC participates in Russian Energy Week 2021
OPEC Secretary General HE Mohammad Sanusi Barkindo participated in two key panel discussions during the 2021 edition of Russian Energy Week (REW) in Moscow. The Secretary-General ... -
OPEC cuts demand forecast for 2021 but says soaring gas prices could help
A 3D printed oil pump cylinder is seen in front of an OPEC logo displayed in this illustration photo, April 14, 2020. REUTERS / Dado Ruvic ... -
New Orleans gasoline prices rise 6 cents per gallon following OPEC production decision, and it may just be the start
NEW ORLEANS (WVUE) – The average price of a gallon of gasoline in New Orleans has risen 6 cents over the past week, an increase that ... -
Nigeria: OPEC conditions increase in Nigeria’s oil production quotas
Abuja – The Organization of the Petroleum Exporting Countries (OPEC) maintained yesterday that no country, including Nigeria, which has underperformed on meeting its monthly oil quota ... -
OPEC: Oil will reign as the world’s leading energy source for decades to come | Florida Star
As many governments around the world push for a “net, zero carbon” economy by mid-century, oil-exporting countries predict that oil, natural gas and other fossil fuels ... -
Energy in 2050: OPEC’s pink oil forecasts contrast sharply with TotalEnergies’ alarming scenario of “disruption”
Breadcrumb Links Petroleum gas PF energy In TotalEnergies’ “disruption” scenario, demand for oil in 2050 is expected to decline to around 35 million bpd. OPEC believes ... -
OPEC, ECS and OPEC Fund to Hold 3rd Annual Legal Workshop on National Climate Laws
Vienna, Austria, October 5, 2021 – The OPEC Secretariat will jointly organize with the Energy Charter Secretariat (ECS) and the OPEC Fund for International Development the ... -
Oil prices are at a seven-year high as OPEC and its allies stick to a modest increase.
Oil prices hit their highest levels since 2014, as officials from OPEC, Russia and other oil producers decided on Monday to stick to their previous agreement ... -
OPEC meets on rising production as oil prices recover
The logo of the Organization of the Petroleum Exporting Countries (OPEC) can be found in front of its headquarters ahead of the OPEC and NON-OPEC meeting ... -
Global energy crisis, American burnout and OPEC number 1 call | Women’s News
It’s been a huge week for energy – and a painful week for the countries that are paying the price for it. Global benchmark Brent crude ... -
OPEC + considers options to bring more oil to market – sources
The OPEC logo pictured before an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria, September 28, 2016. REUTERS ... -
OPEC September oil production increases thanks to Nigerian rebound, OPEC + boosts
A 3D printed oil pump cylinder can be seen in front of the OPEC logo displayed in this illustration photo, April 14, 2020. REUTERS / Dado ... -
Nigeria’s oil reserves plummeted by 543 million barrels – OPEC
Posted September 30, 2021 The Organization of the Petroleum Exporting Countries 2021 Annual Statistical Bulletin released on Wednesday reported a 543 million barrels drop in Nigeria’s ... -
Five key points of OPEC’s oil outlook for 2045
Oil pumping platforms are located next to a table grape vineyard seen on July 8, 2021, north of Bakersfield, California. George Rose | Getty Images The ... -
OPEC predicts rebound in oil demand ahead of post-2035 plateau
A 3D printed oil pump cylinder can be seen in front of the displayed stock chart and the Opec logo in this illustrative image, April 14, ... -
APPEC Lack of investment, more demand to lead to oil price volatility – industry executives
Crude oil storage tanks are seen in an aerial photograph at the Cushing Oil Hub in Cushing, Oklahoma, USA, April 21, 2020. REUTERS / Drone Base ... -
Oil and Natural Gas Jobs Rise Along with Oil Demand Forecast in 2022 | Business
Employment in the energy and tech sector is trending upward despite a pandemic-era low in February. Since February – when employment in the sector reached 597,067 ... -
Opec + cuts have impacted oil and gas production: OVL
NEW DELHI: ONGC Videsh Ltd (OVL) ‘s (OVL) oil and gas production from overseas assets fell in double digits in the previous year following production cuts ... -
Oil looks set to test 3-year high as supplies tighten
Oil rig pumps operate at the Inglewood Oilfield in Culver City, Calif. On Sunday, July 11, 2021. Kyle Grillot | Bloomberg | Getty Images Oil prices ... -
OPEC Secretary General visits Emirate of Fujairah and meets with its ruler
Fujairah, United Arab Emirates, September 22, 2021 – OPEC Secretary General HE Mohammad Sanusi Barkindo visited the Emirate of Fujairah as part of his mission to ... -
OPEC Secretary General highlights Venezuelan leadership within organization
Caracas.-Mr. Mohammad Barkindo, Secretary General of the Organization of the Petroleum Exporting Countries (OPEC) was interviewed by TeleSur, and once again highlighted the exceptional role Venezuela ... -
Venezuela to propose to OPEC the consolidation of a global policy in favor of producing countries
Caracas – Mr. Tareck El Aisammi, Vice-President of the Economic Sector and Minister of the People of Petroleum, representing Venezuela, today proposed the consolidation of a ... -
OPEC Secretary General visits Venezuela and meets with President Maduro
Caracas, Venezuela, September 16, 2021 – OPEC Secretary General HE Mohammad Sanusi Barkindo visited the Bolivarian Republic of Venezuela at the gracious invitation of his government ... -
US Oil Inventory and OPEC send oil prices on Wild Ride – Free Press of Jacksonville
(www.zengernews.com) – Oil prices edged up on Wednesday, with a federal inventory levels report showing lower and a market focus on OPEC news, analysts told Zenger. ... -
OPEC to revise downward its “optimistic” outlook for oil-sources demand
A 3D printed oil pump cylinder can be seen in front of the OPEC logo displayed in this illustration photo, April 14, 2020. REUTERS / Dado ... -
Alaska Journal | Oil price forecasts clouded by COVID-19 uncertainty
Oil price forecasters mainly focus on two things: supply and demand. They watch the Middle East, follow world politics, follow industrial activity and other economic indicators. ... -
OPEC increases production in August even as some members are left behind
OPEC boosted crude production last month as it continued to resume supplies interrupted during the pandemic, but some members struggled to keep up.The Organization of the ... -
Congo prepares to assume rotating OPEC presidency
Congo will take over the rotating presidency of the Organization of Petroleum Exporting Countries (OPEC) in 2022, succeeding its Angolan neighbors. The secretary general of the ... -
OPEC Secretary General sees 2021 as a year before and after, as Congo takes over presidency
HE Mohammed Sanusi Barkindo, Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), yesterday addressed the future of OPEC at a press conference during ... -
IEA assesses Azerbaijan’s compliance with OPEC +
August 22, 2021 12:15 p.m. (UTC + 04:00) 129 By trend Azerbaijan’s oil supply (excluding condensate) stood at 0.61 million barrels per day in July 2021, ... -
Oil drops after White House says OPEC should increase production
The OPEC logo pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria. Ramzi Boudina | ... -
Oil companies announce price cuts as of August 10
AFTER weeks of rising oil prices, oil companies announced Monday that they would cut prices at the pump this week. Gasoline prices will drop by 0.65 ... -
Gasoline becomes cheaper thanks to OPEC decision to increase oil production
Australian gasoline is expected to become cheaper after a decision to increase global fuel production. The NRMA said oil prices could drop as much as four ... -
Will OPEC’s deal lower gasoline and diesel prices? | Latest India News
As of July 20, 2021, gasoline and diesel prices have not risen for four consecutive days. This is the longest period without a price increase since ... -
OPEC sees Sunday’s oil production talk as an ebb from UAE
Through Javier Blas, Salma El Wardany and Grant Smith at 7/17/2021 (Bloomberg) – OPEC and its allies plan to hold a meeting on Sunday, delegates said, ... -
Don’t worry, OPEC’s latest feud will soon be played out in everyone’s best interests
Opec’s latest disagreement is similar to several previous ones – except to take it out of context for certain purposes. Image Credit: AP It has been ... -
Most admired OPEC member country Nigeria – Barkindo
The Organization of the Petroleum Exporting Countries has described Nigeria as the most admired member country in the world oil market. The Secretary-General of the Organization, ... -
Calls to halt dangerous oil and gas investments -OPEP
The Organization of the Petroleum Exporting Countries on Tuesday spoke out against calls to stop investment in the oil and gas industry, calling them dangerous. OPEC ... -
In OPEC deadlock, UAE emerges from Saudi shadows
OPEC failed in its third attempt to resolve an oil production standoff after divisions between Saudi Arabia and the United Arab Emirates spilled over into the ... -
OPEC-Plus deadlocked over agreement to relaunch oil production
OPEC and a Russian-led producer group have failed to agree on how to meet growing demand from the industrialized world, as the club of rich nations ... -
Oil production policy decision in center of attention as prices rise
The logo of the Organization of the Petroleum Exporting Countries (OPEC) at the headquarters. Omar Marques | LightRocket | Getty Images LONDON – OPEC and non-OPEC ... -
Saudis, Russia tentatively agree on gradual increase in OPEC oil production
Through Salma El Wardany, Grant Smith, Javier Blas and Dina Khrennikova at 7/1/2021 (Bloomberg) – Saudi Arabia and Russia have reached a tentative deal to gradually ... -
Middle East share of India’s oil imports hits 25-month low
NEW DELHI (Reuters) – The share of Middle Eastern crude in India’s oil imports fell to its lowest level in 25 months in May, oil tanker ... -
President-elect Raisi receives more kudos
TEHRAN – Congratulatory messages continue to pour in on Ebrahim Raisi’s victory in the June 18 presidential election in Iran. On Monday and Tuesday, congratulatory messages ... -
India considers non-opep options to bring oil prices under control
Unreasonable production restrictions imposed by the cartel of oil producers, the Organization of the Petroleum Exporting Countries (OPEC), forced India to negotiate long-term alternative supplies outside ... -
Oil rises on OPEC outlook as US production growth will slow; Brent crude nears $ 74 a barrel
Brent crude futures contracts rose 43 cents, or 0.6%, to $ 73.51 per barrel. U.S. West Texas Intermediate (WTI) crude rose 60 cents, or 0.8% to ... -
MEPs ratify framework agreement between Belarus and OPEC Fund
MINSK, June 17 (BelTA) – MPs adopted the bill “on the ratification of the framework agreement between Belarus and the OPEC Fund for International Development” at ... -
OPEC predicts further growth in oil demand in the second half of 2021
Through Grant smith at 6/10/2021 Click to enlarge LONDON (Bloomberg) – OPEC has predicted that the recovery in global oil demand will intensify in the second ... -
Accelerating Oil Demand Will Reduce Global Congestion, OPEC Says
The rebound in global oil demand is expected to accelerate in the second half of 2021 as the world continues to burn off the supply glut ... -
Oil price rally in Oman gathers momentum to exceed $ 71 a barrel
Muscat: The rise in Oman’s oil prices continued on Wednesday on the Dubai Mercantile Exchange (DME) to reach $ 71.38. This includes an increase of $ ... -
OPEC chief, amid optimistic oil outlook, predicts further decline in stocks in coming months
OPEC Secretary General Mohammad Barkindo delivers a speech in Vienna, Austria, November 5, 2019. Leonhard Foeger / Reuters OPEC and its allies expect oil stocks to ... -
As demand for oil picks up, OPEC discipline will be tested
“THE ASKS the image showed clear signs of improvement. So said Abdulaziz bin Salman, Saudi Arabia’s energy minister, at a virtual meeting of the Organization of ... -
Brent hits $ 70, OPEC meeting, strong Eurozone PMI data – What moves the markets
By Peter Nurse Investing.com – Brent exceeds $ 70 a barrel before the last OPEC meeting, stocks continue to push higher, the pound is showing more ... -
Saudi Arabia pledged to meet India’s crude oil needs: Saudi envoy
NEW DELHI: Saudi Arabia, the world’s largest oil exporter, said on Sunday it was determined to meet India’s needs for petroleum products, a claim that came ... -
Uncertain about Iranian oil, OPEC + should stick to its policy
By Alex Lawler, Ahmad Ghaddar LONDON (Reuters) – OPEC + is likely to stick to the current pace of gradual easing of oil supply at a ... -
Double Top Training Intact before OPEC meeting
Oil Price Talking Points Oil price rebounds from session low ($ 65.25) following larger-than-expected drop in US stocks, but double-top formation established earlier this month remains ... -
UAE oil resale exception: OPEC was dug under the waterline
The plans for Fujairah might dent OPEC. Photographer: Karim Sahib / AFP by way of Getty Photos Photographer: Karim Sahib / AFP by way of Getty ... -
Oil returns on monitor as OPEC predicts increased consumption in second half
Kemp says US crude manufacturing should enhance to combat depletion: File Picture / PixaBay A weak we greenback and inspiring information of an financial restoration prompted ... -
Flip to vitality ETFs as OPEC anticipates enhancing oil demand
Higher prospects for financial development and oil demand might gas the beneficial properties of energy-related exchange-traded funds this yr. In response to the latest month-to-month report ...
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