OPEC

KEY POINTS Oil prices slid on Friday, pressured by expectations of slowing consumption in the United States and a looming surge in supply from OPEC and its allies. Brent crude …

KEY POINTS For two months in a row, Nigeria has maintained OPEC crude production above the 1.5 million barrels per day mark, bolstering its attempts to win back investor trust …

KEY POINTS Nigeria emerged as the highest crude oil producer among members of the Organisation of Petroleum Exporting Countries, OPEC, in December 2018, pumping 1.797 million barrels per day (bpd). …

KEY POINTS Senegal’s government is ramping up diplomatic efforts to gain full and observer membership in the Organisation of Petroleum Exporting Countries, OPEC, aiming to elevate its status as a …

KEY POINTS Nigeria’s crude oil production reached a significant milestone in June 2025, as the country hit its assigned output quota of 1.5 million barrels per day (bpd), according to …

Oil prices rise slightly on robust US GDP growth, but concerns over Asia’s economic outlook limit gains. The market balances optimism with caution amid uncertainties.

The US Senate Budget Committee is investigating domestic oil producers for potential illegal coordination of oil prices with OPEC, raising concerns about market manipulation.

OPEC, the world’s leading oil producer group, contradicts the IEA’s forecast of imminent peak oil demand. OPEC maintains a bullish outlook, expecting oil consumption to rise for decades to come.

Oil prices rebounded on Wednesday, reversing course after earlier dipping to multi-month lows. The uptick follows positive economic data from the United States and a weaker dollar.

The Organization of the Petroleum Exporting Countries (OPEC) is shifting its focus in oil market reporting. Instead of estimating demand for its own crude oil production, OPEC will now prioritize …