UAE says OPEC exit ‘not directed against anyone’
The UAE's departure from OPEC, dominated by ally-turned-rival Saudi Arabia, was not targeted at anyone but is part of a broader plan to future-proof its economy, the country's oil chief said Monday.
Nigeria’s crude oil production increased to 1.3m barrels in July – OPEC
Nigeria’s crude oil production rose to 1.307 million barrels of crude oil daily in July 2024, according to the latest monthly oil market report from the Organisation of Petroleum Exporting Countries (OPEC) This marks a rise of 30,000 bpd from June’s production level of 1.276 million bpd. The production figures are derived from direct communications […]
Oil prices to leap toward $100 per barrel as Israel attacks Iran — Analysts
West Texas Intermediate jumped 3.66 percent to $85.76 and Brent rose 3.44 percent to $90.11.
We’re working on reducing carbon emissions – OPEC
The Organisation of the Petroleum Exporting Countries (OPEC) said on Thursday that the outcome of the 2023 UN Climate Change Conference (COP28) and its agreement reflected OPEC’s advocacies on pathways towards reducing carbon emissions.
Nigeria will remain in OPEC, FG declares
A day after Angola withdrew from the Organization of Petroleum Exporting Countries, OPEC, Nigeria has restated its commitment to the oil cartel.
Crude prices drop after Angola quits OPEC
Crude prices slumped on Thursday after Angola quit the OPEC oil cartel, while Wall Street stocks rebounded after a streak of records was snapped.
