Tag: OPEC

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...

SAT, JUN 06 2020-theG&BJournal- Nigeria said that it subscribes to ‘’the concept of compensation by countries who are unable to attain full conformity in...

Along with gradual reopening of global economies, production cuts are pushing prices back to $40/barrel much quicker than initially thought FRI, JUN 05 2020-theG&BJournal- As...

OPEC has been at the center of one of the biggest stories of 2020 aside from COVID-19 By Sebastian Wagner MON, APRIL 20 2020-theG&BJournal-Scan Western news...

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...