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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.

OPEC, GECF Hold First High-Level Meeting

OPEC, GECF Hold First High-Level Meeting

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Representing the lifeblood of global economy, two of the world’s foremost energy organisations OPEC and the Gas Exporting Countries Forum (GECF) recently held their...
Oil Responds to Saudi Output Cut, OPEC+ Deal, Hits 10-Month High of $54

Oil Price Skips After Trump Made False Victory Claims at US...

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There were reports yesterday that oil prices rose nearly 3 per cent after President Donald Trump falsely claimed victory in a tight U.S. election...
OPEC Predicts Robust Oil Demand by 2025

Rising Infections May Delay Oil Recovery, OPEC Chief Says

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The anticipation for global oil market recovery is seemed doused again as coronavirus infections rise around the world. The Opec Secretary General, Mohammad Barkindo on...
Gabon Plans a Slight Reduction of its Oil Production in 2021

Gabon Plans a Slight Reduction of its Oil Production in 2021

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In 2021, Gabon’s oil production will drop by more than 10,000 bpd, according to the budget bill currently under review. A situation which will...
Organisation of the Petroleum Exporting Countries Read more at: https://www.vanguardngr.com/2021/01/opec-sees-oil-outlook-for-1st-half-of-2021-full-of-downside-risks/

Nigeria: Oil Production Fell by 1.74mbd in September – OPEC

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Crude oil production in Nigeria dropped by 1.74 million barrels in September, figures from the just released oil market report of the Organisation of...
Organisation of the Petroleum Exporting Countries Read more at: https://www.vanguardngr.com/2021/01/opec-sees-oil-outlook-for-1st-half-of-2021-full-of-downside-risks/

OPEC+ Meets in November, Assures Stability in Oil Prices

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Organisation of Petroleum Exporting Countries (OPEC+) alliance has assured that it will ensure that oil prices do not plunge steeply again when it meets...

OPEC Predicts Dangote Refinery, Others May Muscle-Up Small Refineries

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The Organisation of Petroleum Exporting Countries (OPEC), has estimated that the world of oil refineries shall experience refining capacity additions between 2020 and 2025...
Organisation of the Petroleum Exporting Countries Read more at: https://www.vanguardngr.com/2021/01/opec-sees-oil-outlook-for-1st-half-of-2021-full-of-downside-risks/

OPEC’s World Oil Outlook to be Launched on October 8

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The 2020 OPEC World Oil Outlook (WOO) will be launched via videoconference in Vienna, Austria, on Thursday, 8 October 2020 at 14:00 (CEST).OPEC’s Secretary...
Organisation of the Petroleum Exporting Countries Read more at: https://www.vanguardngr.com/2021/01/opec-sees-oil-outlook-for-1st-half-of-2021-full-of-downside-risks/

OPEC Sept Oil Output Rise to 24.38mbpd

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The Organization of Petroleum Exporting Countries (OPEC) oil output rose for a third time in September, a Reuters survey found, as a restart of...
G20 Energy Ministers Strive for Sustainable Development and Market Stability

G20 Energy Ministers Strive for Sustainable Development and Market Stability

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HE Yury Sentyurin, Secretary General of the Gas Exporting Countries Forum (GECF) participated in the G20 Energy Ministerial Meeting and reaffirmed its commitment to...
Saudi Energy Minister Presses OPEC+ on Fulfilling Oil Cuts

Saudi Energy Minister Presses OPEC+ on Fulfilling Oil Cuts

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Saudi energy minister, Prince Abdulaziz bin Salman has warned OPEC+ compliance laggards, saying that failing to execute pledged production cuts was undermining the alliance’s...
IEA, OPEC Cite Caution About Global Oil Market, Post Covid19 Recovery

IEA, OPEC Cite Caution About Global Oil Market, Post Covid19 Recovery

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The Paris-based International Energy Agency (IEA) has slashed its 2020 outlook by 200,000 barrels per day (bpd) to 91.7 million bpd in its second...
Why Seplat Petroleum Signals Litigation Against Access Bank

Local Oil Firms Need Respite to Contain Production Cuts – Seplat...

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The new chief executive officer of Seplat Petroleum Development Company Plc, Mr Roger Brown, has said that local oil firms deserve special support from...
Nigeria Restates Commitment to OPEC+ Agreement on Oil Production

OPEC Celebrates Six Decades of Commitment, Perseverance and Sacrifice

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Hurray, the Organisation of Petroleum Exporting Countries, OPEC clocks 60! For OPEC it has been six decades of diligent and impactful drive for a...
Organisation of the Petroleum Exporting Countries Read more at: https://www.vanguardngr.com/2021/01/opec-sees-oil-outlook-for-1st-half-of-2021-full-of-downside-risks/

OPEC Postpones 60th Anniversary Celebrations

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The celebrations of Organization of the Petroleum Exporting Countries’ (OPEC) 60th Anniversary, which were originally scheduled this month in Baghdad where the Organization was founded,...
Why Seplat Petroleum Signals Litigation Against Access Bank

Seplat Expresses Concern Over OPEC Oil Cuts

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The Chief Executive Officer of Nigeria’s biggest independent energy company, Austin Avuru, has said that the country’s decision to comply strictly with OPEC+ oil...

Oil Price Slide as Tension Rise Over US, China Feud

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Oil prices slid down yesterday as the Covid19 pandemic and tensions arising from the US and China feud pushed investors towards what investors described...

OPEC Slashes Production to Revive Markets as COVID-19 Threatens Demand Again

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According to World Oil Report, OPEC has slashed oil production to the lowest level since the Gulf War in 1991, as the global oil...
Organisation of the Petroleum Exporting Countries Read more at: https://www.vanguardngr.com/2021/01/opec-sees-oil-outlook-for-1st-half-of-2021-full-of-downside-risks/

Nigeria’s December Oil Output Drop, Biggest In OPEC

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Nigeria, Africa’s top oil producer, recorded the largest production drop of 80,000 barrels per day in the Organisation of Petroleum Exporting Countries last month. The...

Oil surges again after Trump threatens Iraq sanctions

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The gains extended Friday’s more-than-3% surge after a US air strike in Iraq killed top Iranian commander Qassem Soleimani on Friday. The killing has...