Tag: OPEC
OPEC cuts demand outlook again as pandemic uncertainty lingers
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...
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
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-...
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
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
…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
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...
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...
Sustainability of OPEC+ agreement called into question as Brent oil price...
MON, JULY 06 2020-theG&BJournal- ‘’Oil price recovery is about to run out of steam,’’ says analysts at Cordros Research.
In their latest take on OPEC+...
OPEC’s decision to extend production cuts hailed as positive step for...
Gradual reopening of world economies along with increased conformity to the production cuts have allowed oil prices to bounce back and reach the $40/bbl...