Tag: OPEC

Up to 20 million barrels of oil per day could come off the market in combined efforts MON, APRIL 13 2020-theG&BJournal- In a watershed moment...

Mexico is the lone holdout in a global deal to save the oil and gas industry. US set to see production decline SAT, APRIL 11...

SAT, APRIL 11 2020-theG&BJournal- Crude Oil prices crashed back towards the $20 mark Friday despite the huge production cut agreement reached by OPEC+ members. OPEC+...

FRI, APRIL 10 2020-theG&BJournal- Nigeria joined OPEC+ in the brutal but necessary oil production cut aimed at saving the oil industry facing the biggest...

From July to December, overall production cuts will lower to 8 million barrels per day, followed by 6 million barrels per day from January...

Nigeria’s rig count declined by three last December, 2019, having recorded 17 as against 20 recorded in November, at a time the Organisation of...

The Organisation of the Petroleum Exporting Countries (OPEC), trimmed its crude oil production by 100,000 barrels daily (b/d) in December, the latest S&P Global...

Though observers see the price of international oil benchmark Brent crude at anywhere between $59 to $70 per barrel for 2020, based on varying...

The Organisation of the Petroleum Exporting Countries (OPEC) said on Monday that oil and gas remained part of key solutions in combating climate change.  Secretary...

The Organization of the Petroleum Exporting Countries (OPEC) is mainly concerned with ensuring that the output freeze deal helps stabilize the oil market, rather...