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Tag "Organisation of Petroleum Exporting Countries (OPEC)"

Aramco warns of ‘extremely low’ oil production capacity, says prices could spike soon

    Aramco warns of ‘extremely low’ oil production capacity, says prices could spike soon

Amin Nasser, chief executive officer, Saudi Arabian Oil Company (Aramco) has warned that oil prices could quickly spike again  as producing nations face “extremely low” spare capacity. Nesser, who said

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Oil prices jump 3% as OPEC+ agrees to cut output by 100,000bpd

    Oil prices jump 3% as OPEC+ agrees to cut output by 100,000bpd

Oil prices jumped 3 percent as the Organisation of Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, agreed to cut the production quota by 100,000 barrels per day

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OPEC+ raises September output target by 100,000 bpd

    OPEC+ raises September output target by 100,000 bpd

The Organisation of Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, have agreed to raise global oil output, pushing Brent crude above $100 a barrel. The group disclosed

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Mohammad Barkindo to be buried in Yola today, says Kyari

    Mohammad Barkindo to be buried in Yola today, says Kyari

Mohammad Barkindo, secretary-general of the Organisation of Petroleum Exporting Countries (OPEC), will be buried in Yola, Adamawa state, today.  Mele Kyari, group managing director of the Nigerian National Petroleum Company (NNPC)

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Report: Nigeria’s oil output declined by 80,000 bpd in June

  Report: Nigeria’s oil output declined by 80,000 bpd in June

Nigeria’s oil production declined by 80,000 barrels per day (bpd) in June due to oil theft, operational difficulties, and maintenance,

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OPEC+ sticks with planned oil output hike in August

  OPEC+ sticks with planned oil output hike in August

The Organisation of Petroleum Exporting Countries and its allies, known as OPEC+, have agreed to stick to the planned increase

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Barkindo: World leaders must collaborate on ensuring steady oil output

  Barkindo: World leaders must collaborate on ensuring steady oil output

Mohammad Barkindo, secretary-general, Organisation of Petroleum Exporting Countries (OPEC), has called on world leaders to collaborate on ensuring stable flow

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Barkindo: OPEC will maintain steady output quota amid escalating political tensions

  Barkindo: OPEC will maintain steady output quota amid escalating political tensions

The Organisation of Petroleum Exporting Countries (OPEC) says it will remain focused on a steady flow of energy supplies.  Mohammad

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PHOTOS: Barkindo visits Iraq ahead of OPEC 60th anniversary commemoration

  PHOTOS: Barkindo visits Iraq ahead of OPEC 60th anniversary commemoration

Mohammad Barkindo, secretary-general, Organisation of the Petroleum Exporting Countries (OPEC), visited the Al-Shaab Hall in Baghdad, capital of Iraq. Barkindo

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Oil price hits $80 per barrel as OPEC+ retains monthly output

  Oil price hits $80 per barrel as OPEC+ retains monthly output

Oil prices surge on Tuesday as Brent crude, global oil benchmark, surpassed $80 per barrel. At 16:00 GMT +1 on

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