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Get the latest top stories, headlines, analysis and more on the Organization of Petroleum Exporting Countries (OPEC) on Orient Energy Review.

Nigeria’s Oil Roam EU International Waters, Searching For Buyers

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A report quoting unnamed four traders, has said that between 20 and 25 shipments of Nigerian crude for April loading are still floating on...

OPEC Scribe Calls For Coordination Between Oil Exporting Countries

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OPEC’s secretary general, Haitham Al Ghais and Iraq’s prime minister, Mohammed Shia al-Sudani, have called for coordinated action among oil exporters and globally in...

OPEC Now More Optimistic On China’s 2023 Rebound Forecast

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OPEC has been forced to reverse up its forecast on China’s reopening; now says the Covid19 ridden country’s reopening is set to add momentum...

OPEC Expresses Fear That China’s 2023 Oil Demand May Hit 600,000bpd

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OPEC’s secretary general, Haitham Al Ghais, has said that the organization is cautiously optimistic about China’s oil demand this year, expecting consumption growth of...

Nigeria Targets Additional 400,000mb/d To Achieve OPEC Quota

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The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said that it working hard to achieve additional 400,000b/d from some mega projects, to enable it...

Plot By UAE To Quit OPEC Thickens

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There are top level discussions within the polity of the United Arab Emirates about the prospects of leaving the Organization of Petroleum Exporting Countries...

Nigeria’s New Oil Output Boosts OPEC’s Target in February – Survey

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A survey has revealed that oil output by the Organization of Petroleum Exporting Countries (OPEC) rose in February led by a further recovery in...

‘If Market Changes, OPEC+ Would Adjust Output Policy’

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Saudi Arabia’s energy minister, Prince Abdulaziz bin Salman has said that the OPEC+ group of 23 oil-producing countries remains flexible and can alter its...

OPEC Ups World Oil Demand Forecast For 2023

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Last Tuesday, OPEC published a demand growth forecast calling for 400,000 bpd in growth from Organization for Economic Cooperation and Development (OECD) countries and...

OPEC Targets $12.1trln Investment Until 2045 – Sec General

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...expects global oil demand to cross pre-pandemic levels in 2023 Secretary-general of OPEC, Mr. Haitham Al Ghais, has said that the global oil body is...

OPEC+ May Not Respond To Russia’s Production Cut Plan

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OPEC+ has said that it is not willing to respond and change its oil production targets after Russia announced a cut in its output...

Putin, Saudi Prince Discuss Strategy Ahead Of Wednesday OPEC+ Meeting

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Saudi Crown Prince, Mohammed Bin Salman and Russian President Vladimir Putin reportedly discussed OPEC+ cooperation in a Monday phone call, with the focus on...

OPEC+ Set To Keep Oil Production Unchanged

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The Joint Ministerial Monitoring Committee of the OPEC+ group is expected to recommend keeping the current levels of oil production when it meets next...

OPEC Has More ‘Market Power’ As Oil Supply Concerns Return

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OPEC has increased control of oil markets as supply concerns return, with declining output growth in other crude supplying countries. Global investment banking and securities...

OPEC’s Output Jumped Last December, But Still Below Target

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The Organization of the Petroleum Exporting Countries increased its December production, according to the most recent Monthly Oil Market Report published on Tuesday. OPEC-13’s...

OPEC Sticks To Its 2023 Forecast As China Comes With Impressive...

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OPEC has said that it is sticking to its global oil demand forecast for 2023, despite the improving economic outlook in top crude importer,...

Nigeria May Cancel More LNG Shipments in February Due To Pipeline...

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More Nigeria Liquefied Natural Gas gas cargoes planned for February 2023 may be canceled due to pipeline vandalism. The NLNG, the company that exports...

Survey: OPEC+ Oil Production Rise By 140,000bpd

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The combined production of crude oil for the OPEC+ group grew by 140,000 barrels per day (bpd) to 42.71 million bpd last December, but...

2023: Saudi Won’t Allow Oil At $75: Pioneer Boss

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The Organisation of Petroleum Exporting Countries may again cut oil production, the chief executive officer of Pioneer Natural Resources, Scott Sheffield has said. Speaking...

Nigeria Oil Recovers, Cause Rise In OPEC Output – Survey

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OPEC has reported that oil output rose last December following a recovering production in Nigeria, despite an agreement by the wider OPEC+ alliance to...