By Aluta News Aug 1, 2022 Haitham Al-Ghais of Kuwait on Monday assumed office as the new Secretary General of the Organisation of Petroleum Exporting Countries (OPEC). Al-Ghais was appointed as the new chief of the Vienna-headquartered OPEC in January this year, and his tenure will last for three years.Continue Reading
By Aluta News June 2, 2022 The Organisation of the Petroleum Exporting Countries (OPEC) has raised Nigeria’s oil production quota from the 1.772 million barrels per day (mbpd) target approved in June to a new target of 1.799mbpd for July. A statement issued on Thursday by OPEC said the decisionContinue Reading
By Aluta News May 5, 2022 The Organisation of the Petroleum Exporting Countries (OPEC) has raised Nigeria’s oil production quota from the 1.735 million barrels per day (mbpd) target approved in May 2022 to a new target of 1.772mbpd for June 2022. A statement issued on Thursday said OPEC tookContinue Reading
By Aluta News Jan. 4, 2022 OPEC+ will likely stick to its planned increase in oil output for February when it meets on Tuesday as sources say the group expects only a short-lived impact on demand from the Omicron coronavirus variant. OPEC+, which groups producers from the Organization of theContinue Reading
By Aluta News Dec. 13, 2021 The Organisation of the Petroleum Exporting Countries (OPEC) says crude oil spot prices dropped by $1.74, or 2.1 per cent, in November 2021 to average $80.37 per barrel. OPEC made this known in its Oil Market Report for December 2021 which was obtained byContinue Reading