Global oil demand growth to slow from 2025 – IEA
Global oil demand growth is expected to slow from 2025 as fuel efficiency improves and the use of electrified increases but is unlikely to peak in the next two decades,…
Major takeaways from President Buhari’s visit to Saudi Arabia
By: Garba Shehu President Muhammadu Buhari’s four-day visit to the Kingdom of Saudi Arabia came to an end on Saturday. The President participated in the Future Investment Initiative, which was…
I would like Brazil to join OPEC -President Bolsonaro
President Jair Bolsonaro of Brazil Brazilian President Jair Bolsonaro said on Wednesday that he wants his country to join OPEC, a move that would add the most significant new…
Saudi energy minister, Timipre Sylva meet, discuss investment opportunities, oil markets, othersÂ
Saudi Energy Minister Prince Abdulaziz bin Salman and U.S. Energy Secretary Rick Perry met in Riyadh on Monday and will work together to ensure the security of global energy supply,…
Oversupply looms as global oil supply recovers after Saudi attacks – IEA
Global oil markets have quickly recovered from attacks on Saudi oil facilities last month and even face oversupply next year as global demand slows, the International Energy Agency said on…
Oil prices recover after output from U.S, Russia, OPEC fell
Oil prices rebounded on Tuesday on reports that production at the world’s largest oil producers fell during the third quarter, although a resumption in Saudi supply and demand concerns continued…
OPEC assessing impact on oil market after Saudi facilities attack, says too early for any actionÂ
OPEC is assessing the impact on the oil market from attacks on Saudi Arabian facilities and says it is too early for members to take any action on raising output…
U.S briefly overtakes Saudi Arabia as top oil exporter – IEA
Global oil demand is weathering economic headwinds, the International Energy Agency (IEA) said on Thursday, buoyed by lower prices brought on by abundant supply as the United States briefly dethroned…
Nigeria, Iraq pledge to cut output to meet OPEC target
Iraq’s and Nigeria’s oil ministers pledged on Thursday to reduce oil output to comply with their OPEC output targets. An OPEC+ statement said it was important for all countries to…
Ongoing reforms: OPEC commends NNPCÂ Â
The Secretary General of the Organisation of the Petroleum Exporting Countries (OPEC), Mohammed Barkindo, has commended the Nigerian National Petroleum Corporation (NNPC) for its ongoing reforms aimed at changing the…