Tag: OPEC

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Libya Submits Oil Production Figure to OPEC for the First Time Since 2015

For the first time since March 2015, Libya has officially reported a production figure to the Organisation of Petroleum Exporting Countries (OPEC), stating it pumped 1.283 million barrels per day...
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Libya Creates New Oil and Gas Ministry; Names former OPEC Governor as Head

The new Government of Unity (GNU) has appointed a new Ministry of Oil and Gas, which is to be led by Libya's former OPEC governor, Mohamed Oun. The state-owned oil...
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OPEC Predicts Increase in Global Oil Demand in H2 ‘21 in Latest MOMR

In its Monthly Oil Market Report released on Thursday, 11th March 2021, the Organisation of Petroleum Exporting Countries (OPEC) projects that oil demand will rise in the second half of...
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India Calls on OPEC+ to ‘Stabilise’ Oil Prices as Demand Rises

The Petroleum Minister of India, Dharmendra Pradhan, has called on the Organisation of Petroleum Exporting Countries and its Allies, known as OPEC+, to "stabilise" oil prices, after prolonged output cuts....
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Angola Awards Lean Gas Platform (LGP) Project to Subsea 7; Oil Production for 2020 Dropped by 16%

Subsea 7 S.A. has announced it has been awarded a contract for the Sanha Lean Gas Connection (SLGC) project by the Cabinda Gulf Oil Company Limited (CABGOC). The project includes...
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OPEC Welcomes Renewables but Stresses the Global Importance of Oil and Gas

Speaking at the Atlantic Council Global Energy Forum 2021, the Secretary-General of the Organisation of Petroleum Exporting Countries, Mohammad Barkindo, showed support for the adoption of electric vehicles and renewable...
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Barkindo says there is no reason to Panic Amidst Iranian Oil Return

During the "Gulf Intelligence Global UAE Energy Forum 2021" on Wednesday, 13th January 2021, the Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC), His Excellency Mohammed Barkindo, addressed the...
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IMF Approves $487.5 million for Angola to Aid Recovery from Low Oil Prices

The Executive Board of the International Monetary Fund IMF, announced the approval of $487.5 million to Angola, on Monday, 11th January 2021. The disbursement is to aid the economy of...
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Highlights from the 13th OPEC and non-OPEC Ministerial Meeting

The 13th Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC Ministerial Meeting (ONOMM) held virtually on Tuesday, 5th January 2021. The Meeting reconvened following an initial round of discussions a...
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OPEC Publishes MOMR for December 2020

The Organisation of Petroleum Exporting Countries (OPEC) has published its Monthly Oil Market Report for December 2020. This is the last report to be published in 2020 with the next...
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