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OPEC

  • In the News

    Will Namibia Join OPEC?. Examining the Prospects

    by Motoni Olodun April 21, 2024
    by Motoni Olodun April 21, 2024

    As global oil markets continue to evolve, attention turns to Namibia, a country poised to potentially become the newest member of the Organization of the Petroleum Exporting Countries (OPEC). The …

  • In the News

    OPEC Predicts Strong Summer Oil Demand, Potential for Higher Prices

    by Victor Adetimilehin April 12, 2024
    by Victor Adetimilehin April 12, 2024

    The Organization of the Petroleum Exporting Countries (OPEC) is forecasting a robust summer for oil demand, driven by increased travel and economic growth. This prediction comes amidst a wider-than-usual range …

  • In the News

    Oil Prices Spike on Supply Disruptions in Russia and Middle East

    by Victor Adetimilehin April 3, 2024
    by Victor Adetimilehin April 3, 2024

    Oil prices surged on Tuesday, April 2nd, 2024, driven by concerns over potential supply disruptions in Russia and the Middle East. The benchmark Brent crude futures contract reached its highest …

  • In the News

    OPEC Upbeat on Oil Demand and Economic Outlook

    by Victor Adetimilehin March 13, 2024
    by Victor Adetimilehin March 13, 2024

    OPEC’s latest report offers an optimistic forecast for global oil demand, projecting strong growth through 2024 and 2025 amidst geopolitical tensions and supply disruptions.

  • AnalysisIn the News

    OPEC Forecasts Strong Oil Demand Growth Amid Economic Upswing

    by Ikeoluwa Juliana Ogungbangbe February 14, 2024
    by Ikeoluwa Juliana Ogungbangbe February 14, 2024

    OPEC projects robust oil demand and economic growth despite challenges, maintaining optimism for the future of the global oil market.

  • In the News

    Oil Demand to Surge in 2024, IEA Says

    by Victor Adetimilehin January 19, 2024
    by Victor Adetimilehin January 19, 2024

    The International Energy Agency (IEA) has revised its global oil demand growth forecast for 2024, but it still falls short of OPEC’s expectations. The IEA, which advises industrialized countries on …

  • Oil & Gas

    Nigeria’s Oil Boom Continues as Production Surges to 1.34 Million BPD

    by Motoni Olodun January 18, 2024
    by Motoni Olodun January 18, 2024

    Nigeria, Africa’s largest oil producer, has seen a significant boost in its crude oil output in December 2023, signaling improved earnings from the vital resource. According to the latest Monthly …

  • In the News

    OPEC’s 2025 Oil Demand Forecast: A Surprising Twist

    by Victor Adetimilehin January 18, 2024
    by Victor Adetimilehin January 18, 2024

    The Organization of the Petroleum Exporting Countries (OPEC) has released its first-ever forecast for oil demand in 2025, and it may surprise some analysts and investors. According to OPEC, the …

  • Oil & Gas

    Oil Prices Drop as Saudi Arabia Slashes Rates and OPEC Boosts Output

    by Victor Adetimilehin January 8, 2024
    by Victor Adetimilehin January 8, 2024

    Oil prices dipped as the world’s top oil exporter, Saudi Arabia, cut its official selling prices for February and the Organization of the Petroleum Exporting Countries (OPEC) increased its production …

  • Markets

    Angola Quits OPEC, Shaking Up Oil Market

    by Motoni Olodun December 22, 2023
    by Motoni Olodun December 22, 2023

    Angola, Africa’s second-largest oil producer, has announced its decision to leave the Organization of the Petroleum Exporting Countries (OPEC), a move that could have significant implications for the global oil …

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Editors' Picks

Nigeria’s Oil Boom: Record Production in September 2023

Nigeria’s Power Grid Struggles as Only Eight Plants Generate 1,212MW
Eskom Threatens to Cut Power to Ekurhuleni Over R3.4 Billion Electricity Debt

Latest Stories

Nigeria’s Power Grid Struggles as Only Eight Plants Generate...
Eskom Threatens to Cut Power to Ekurhuleni Over R3.4...
Edo Assembly Summons BEDC Over Worsening Power Outages

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