OPEC Reduces 2021 Oil Demand Forecast in MOMR
OPEC forecasts global oil consumption to expand by 5.8 million barrels per day (bpd) this year from low 2020 levels, down from a forecast of 5.96 million bpd growth last...
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Oil Prices Continue to Rise as OPEC+ Forge Ahead with Plan to Add 400,000 bpd in November
On Monday, oil prices increased as OPEC+ maintained its intention to increase output by 400,000 barrels per day in November. As it gradually unwinds a historic production deal, OPEC+ expects...
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Saudi Arabia Reduces Oil Prices for Buyers After OPEC+ Meeting and Latest Rally
According to Bloomberg, Saudi Arabia's Aramco has reduced its official crude oil selling price for Asian clients in response to the recent price increase, which was fuelled by OPEC+'s decision...
Read More OPEC+ Concludes 21st Ministerial Meeting; Increases Production by 400,000 bpd
On Monday, October 4, 2021, the 21st OPEC and non-OPEC Ministerial Meeting concluded via videoconference. In light of current oil market fundamentals and consensus on its outlook, OPEC and participating...
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OPEC Launches 2021 Edition of its Annual Statistical Bulletin (ASB)
The Organization of Petroleum Exporting Countries (OPEC) has launched its Annual Statistical Bulletin (ASB) for 2021. OPEC Secretary-General Mohammad Sanusi Barkindo, Professor Thomas Lindner of the Executive Academy at the...
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Oil Prices Influenced by ‘Transition Premium’ – OPEC SG
The Secretary-General of the Organization of Petroleum Exporting Countries (OPEC), Mohammed Barkindo, said crude oil prices are affected by a "transition premium" amid the changeover to renewables, as well as...
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OPEC Boosts Oil Production by 0.4 million barrels per day in October
On September 1, 2021, the virtual 20th OPEC and non-OPEC Ministerial Meeting (ONOMM) came to an end. Although the consequences of the COVID-19 pandemic continue to throw some doubt, market...
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Congo: OPEC SG Visits APPO Headquarters; Dr Rilwanu’s Research Centre
During his official 3-day visit to the Republic of Congo, the Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC), alongside the Minister of Hydrocarbons of the Republic of Congo,...
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OPEC Secretary-General Visits Congo’s National Oil Company (SNPC)
During his three-day official visit to the Republic of Congo, the Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC), Mohammad Sanusi Barkindo, alongside the Minister of Hydrocarbons of the...
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OPEC to Make Historic Visit to Congo Next Week
The Secretary-General of the Organisation of Petroleum Exporting Countries, Mohammed Sanusi Barkindo, will lead a delegation from OPEC to the Congo for a three-day working visit from August 23-25, 2021,...
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