Tag: Organization of the Petroleum Exporting Countries

Just IN: Qatar quits OPEC January

admin- December 3, 2018

  Qatar is quitting the Organization of the Petroleum Exporting Countries (OPEC) from January 2019, Saad al-Kaabi, the country’s energy minister said on Monday. The ... Read More

Oil price rises on Iran sanctions

admin- August 29, 2018

Oil markets were stable on Wednesday, buoyed by falling supplies from Iran ahead of U.S. sanctions but held in check by rising production outside the ... Read More

OPEC forecasts lower oil demand, gloomy months ahead for Nigeria, others

admin- August 13, 2018

The Secretary-General of OPEC, Mr Muhammad Barkindo: lower global demand for crude in 2019 Gloomy months lie ahead of Nigeria and other crude oil exporters ... Read More

Crude Oil Price Jumps Above $65

Henry Solomon- December 12, 2017

Brent crude oil prices jumped above $65 per barrel after the shutdown of the Forties North Sea pipeline knocked out significant supplies from a market ... Read More

Oil price hits approximately $53 on tighter U.S market

inno.korie- July 31, 2017

Oil price hit a two-month high on Monday lifted by a tightening US crude market and the threat of sanctions against OPEC-member Venezuela.   Brent ... Read More

OPEC Agrees On Output Cut To Boost Oil Prices

Henry Solomon- November 1, 2016

OPEC officials approved on Monday a document outlining the exporter group’s long-term strategy, in a sign its members are making progress in ironing out differences ... Read More