OPEC

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 …

Nigeria, Africa’s largest oil producer, has seen a sharp decline in its petrol imports in the second quarter of 2023, following the removal of the controversial fuel subsidy that had …