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OPEC cuts oil demand forecast as Bonny Light averages $53.66/b

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SAT 13 FEB, 2021-theGBJournal-OPEC expects oil demand to rise by 5.8 million barrels per day (bpd) this year, down by around 100,000 bpd from...

OPEC appoints Timipre Sylva Special Envoy for further consultations with DoC...

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WED 03 FEB, 2021-theGBJournal- OPEC’s Joint Ministerial Monitoring Committee (JMMC) has appointed the Minister of State for Petroleum Resources of Nigeria, HE Timipre Sylva,...

OPEC cuts demand outlook again as pandemic uncertainty lingers

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By Charles Ike-Okoh MON, 14 DEC, 2020-theGBJournal- The Organisation of the Petroleum Exporting countries (OPEC) has once again revised lower oil demand outlook for 2021,...

COVID-19 and energy transition are the most significant determinants of the...

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The impact of the energy transition on long-term demand outlook highlight capital allocation and decision-making prospects in the present time WED, 25 NOV, 2020-theGBJournal- 2020...

Oil prices hit 5-month low as production cut disputes linger

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SAT, 31 OCT, 2020-theGBJournal-As national COVID-19 lockdowns is renewed in some European countries and U.S. case count for covid-19 remained at record levels, oil...

60 years after Independence Nigeria’s energy industry hasn’t realized its promise-...

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By NJ Ayuk While getting Nigeria to the point where it can realize the full potential of its petroleum resources has been slow going, the...

OPEC cuts 2020 oil demand outlook

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WED, AUG 12 2020-theG&BJournal- Organisation of Petroleum Exporting Countries (OPEC) said on Wednesday in its monthly (August) report that  global oil demand growth in...

OPEC-Nigeria talks discuss market recovery after COVID-19

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…Such a dialogue is key for compliance with the OPEC global production cuts deal of April, to which all of OPEC's African member countries...

OPEC-Gabon talks embodies Africa’s strong support for market stability

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Such a dialogue is key for compliance with the OPEC global production cuts deal of April, to which all of OPEC's African member countries...

Oil Market This Week: OPEC+ expects additional 842,000 b/day cut from...

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SAT, JULY 18 2020-theG&BJournal- The OPEC+ Joint Ministerial Monitoring Committee (JMMC) meeting held mid week via videoconference. Three significant development noticed was first, the cohesion...