OPEC Archives - Page 5 of 9

18th August 2021

OPEC Congratulates President Buhari on PIB Signing

The Secretary-General of the Organisation of Petroleum Exporting Countries, Mohammad Sanusi Barkindo, has congratulated the President of Nigeria, Muhammadu Buhari, on signing the Petroleum Industry Bill (PIB) into law. In...

23rd July 2021

Nigeria’s Oil Output Dropped by 11.47% YoY in Q2’21

Nigeria produced 1.343 million barrels per day in the second quarter of 2021, according to the Organisation of Petroleum Exporting Countries' Monthly Oil Market Report (MOMR), compared to 1.517 mb/d...

20th July 2021

OPEC+ Agreed to Boost Oil Supply by 400,000 Barrels Per Day

The Organization of Petroleum Exporting Countries (OPEC) and its allies decided to increase world oil output by 400,000 barrels per day in a statement issued at the end of the...

18th July 2021

UAE Agrees to Saudi Arabia Output Proposal; Resolves with OPEC

According to World Oil, an anonymous OPEC delegate revealed that the UAE has settled its impasse with OPEC+ and achieved a compromise arrangement that will grant it a new output...

8th July 2021

Barkindo Warns Oil-Producing Nations Against Ignoring Oil and Gas in Pursuit of a Net-Zero-Carbon-Emissions Goal

The Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC), Mohammed Sanusi Barkindo, spoke at the opening ceremony of the Nigerian Oil and Gas (NOG) conference in Abuja earlier this...

3rd June 2021

First OPEC – Africa Energy Dialogue Holds

In collaboration with the African Energy Commission (AFREC), the African Petroleum Producers' Organisation (APPO) and African Refiners and Distributors Association (ARDA), the Organisation of Petroleum Exporting Countries (OPEC) hosted its...

14th May 2021

Nigeria Exceeds OPEC+ Quota for April; to Compensate before end of September

Nigeria exceeded the April production quota set by the Organisation of Petroleum Exporting Countries (OPEC) and its allies (OPEC+) by 84,000 barrels per day, producing 1.6 million barrels per day...

11th May 2021

OPEC Discusses Impact of COVID-19 Surge in India in latest MOMR; 2021 Demand Forecast Unchanged

In the latest edition of the Organisation of Petroleum Exporting Countries’ Monthly Oil Market Report (MOMR), the Group did not change its projected global oil demand forecast for 2021 due...

3rd May 2021

Indian Oil Imports from OPEC Member Countries Drops to Two-Decade Low

The Organisation of Petroleum Exporting Countries's share of the world's third-biggest oil importer’s import fell to the lowest in at least two decades in the year-to-end of March as the...

15th April 2021

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...