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OPEC Celebrates 60th Anniversary
By ogrepublic on September 14, 2020
The Organization of Petroleum Exporting Countries (OPEC) on Monday 14th September 2020 celebrated its 60th anniversary while oil prices continue to remain low amid an...
Nigeria reaffirms Commitment to Comply with OPEC+ Production Agreement
By ogrepublic on June 8, 2020
Following the conclusion of the OPEC and non-OPEC meeting held on June 6th, 2020, Nigeria has reconfirmed its commitment to comply with OPEC+ Production Agreement,...
OPEC Calls on Oil Producers to Adhere to Production Adjustment
By ogrepublic on June 8, 2020
The 11th OPEC and non-OPEC Ministerial Meeting was held via videoconference, on Saturday, 06 June 2020, under the Chairmanship of HRH Prince Abdul Aziz Bin...
OPEC+ Extends First Phase Production Adjustment till July 2020
By ogrepublic on June 7, 2020
The 179th Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) was held via videoconference, on 06 June 2020, under the...
Chief Sylva clears air, denies reports that Nigeria is yet to comply with OPEC+ Production Cut
By ogrepublic on June 3, 2020
The Honourable Minister of State for Petroleum Resources, Chief Timipre Sylva, has cleared the air on media reports that Nigeria is yet to comply with...
Oil prices rise as countries relaxed coronavirus restrictions
By ogrepublic on May 22, 2020
NEW YORK (Reuters) – Oil prices rise in the last two weeks as some countries relaxed coronavirus restrictions to allow factories and shops to reopen....
OPEC Call for Papers on its Energy Review-Journal
By ogrepublic on April 30, 2020
The OPEC Energy Review is a quarterly energy research journal published by the OPEC Secretariat in Vienna. Each issue consists of a selection of original...
OPEC Says Oil Price May Rise To $40 In Second Half Of 2020
By ogrepublic on April 28, 2020
OPEC has predicted that oil prices are set to recover with the OPEC+ production cuts and gradual lifting of lockdowns around the world in the...
Sebastian Wagner: OPEC still has an important role to play in the Global Oil Market
By ogrepublic on April 20, 2020
By Sebastian Wagner JOHANNESBURG, South Africa, — Scan Western news about OPEC from the last few years and a common observation tends to appear: OPEC...
OPEC+ slashes production, saves Oil Industry from collapse
By ogrepublic on April 13, 2020
Up to 20 million barrels of oil per day could come off the market in combined efforts CAPE TOWN, South Africa, — In a watershed...
South Sudan joins OPEC, Russia, and Saudi Arabia to stabilise the Oil Market
By ogrepublic on April 13, 2020
Along with other African producing countries, South Sudan has been a key supporter of the Declaration of Cooperation and OPEC+ since 2016 JUBA, South Sudan,...
Nigeria will start producing 1.412 to 1.579 million bpd, says minister
By ogrepublic on April 12, 2020
By Ndubuisi Micheal Obineme Following the recent OPEC meeting to curtail production, Nigeria’s Minister of State for Petroleum Resources, Chief Timipre Sylva, has officially announced...
G20 backs OPEC+, But Deal in Jeopardy as Mexico Refuses Cuts
By ogrepublic on April 11, 2020
… Mexico is the lone holdout in a global deal to save the oil and gas industry. US set to see production decline CAPE TOWN,...
Nigeria, OPEC+ Join Forces to Stabilise Global Oil Markets
By ogrepublic on April 10, 2020
By Ndubuisi Micheal Obineme Nigeria has joined other OPEC+ counterparts in a historic curtailment of crude oil production to rebalance and stabilize the global oil...
OPEC+ agrees to cut down production by 10 million bpd in May 2020
By ogrepublic on April 10, 2020
The Organization of Petroleum Exporting Countries (OPEC) and non-OPEC countries led by Russia, have agreed to cut down production by 10 million barrels per day,...
OPEC, GECF sign MoU to strengthen cooperation
By ogrepublic on October 3, 2019
Moscow, – The Secretaries General of the Organization of the Petroleum Exporting Countries (OPEC) and the Gas Exporting Countries Forum (GECF) signed an Memorandum of...
Equatorial Guinea: Oil Producers should ‘Stand Together’
By Oil and Gas Republic on December 4, 2018
Collaboration of Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producers in committing and adhering to oil production cuts resulted in the historic Declaration...
African Energy Chamber urges oil producers to support OPEC’s efforts on stabilizing the oil markets
By ogrepublic on November 30, 2018
The Chamber urges African producing nations, both those that are Organization of the Petroleum Exporting Countries (OPEC) members and Non-OPEC members to speak up with...
OPEC, non-OPEC members’ oil cut deal hit over 130%
By ogrepublic on May 25, 2018
By Ayobami Adedinni The level of conformity to the Declaration of Cooperation by Organisation of Petroleum Exporting Countries (OPEC) and Non-OPEC has hit over 130...
OPEC to hold 7th International Seminar in Austria
By ogrepublic on March 23, 2018
The Organization of the Petroleum Exporting Countries (OPEC) will host the 7th OPEC International Seminar at the Imperial Hofburg Palace in Vienna, Austria, on 20−21...
OPEC daily basket price drops to $61.85 per barrel
By ogrepublic on March 12, 2018
The price of Organisation of Petroleum Exporting Countries, OPEC basket of 14 crudes stood at $61.85 a barrel on Thursday, compared with $62.68 the previous...
Oil, gas to provide more than half of the world’s energy needs till 2040 – Barkindo
By ogrepublic on February 26, 2018
By Ayobami Adedinni The Secretary General of the Organisation of Petroleum Exporting Countries, (OPEC), Mohammed Barkindo has said Oil and gas together are still expected...
Nigeria’s Bonny Light crude oil hits $67.10 per barrel
By ogrepublic on January 3, 2018
The price of Nigeria’s Bonny Light crude oil reached $67.10 per barrel to emerge the highest priced product among members of Organisation of the Petroleum...
OPEC countries require $10.5 trillion to meet oil demand – Barkindo
By ogrepublic on December 21, 2017
Members of the Organization of the Petroleum Exporting Countries (OPEC) are said to require investments of about $10.5trillion to meet the projected increase in global...