OPEC

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

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 …

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 …

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 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 …

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 …

Saudi Arabia’s energy minister has blamed speculators for the recent drop in oil prices, saying that they are “pretending” that demand is weak and “abusing” numbers. Prince Abdulaziz bin Salman …

Oil prices surged on Thursday, reaching their highest levels since 2014, as the US imposed sanctions on two shipping companies for violating a price cap on Russian crude exports. The …

Oil prices edged higher this week as the conflict between Israel and Hamas raised concerns about the stability of the Middle East, a major oil-producing region. However, the gains were …

On the occasion of the 63rd anniversary of the Organization of Petroleum Exporting Countries (OPEC), established with foresight in Baghdad on September 14, 1960, Angola took the opportunity to emphasize …