Angola’s OPEC exit opens way for more Chinese investment
Dec. 22, 2023 Angola’s decision to leave the Organization of the Petroleum Exporting Countries could open the way for Beijing to increase investment in the country’s oil and other sectors,…
Angola to quit OPEC, reducing membership to 12 countries
Dec. 22, 2023 Angola has said it is leaving the Organization of the Petroleum Exporting Countries (OPEC) with effect from Jan. 1 2024, after exits from Ecuador in 2020 and…
OPEC blames ‘exaggerated’ demand concerns for oil price drop
December 13, 2023 OPEC on Wednesday said it remained cautiously optimistic about 2024 oil market fundamentals and blamed “exaggerated concerns” about demand for a recent drop in prices, as it…
Proposed COP28 climate deal hints at looming end to fossil fuel era
December 13, 2023 The COP28 Presidency released a proposed text of a final climate deal on Wednesday that would, for the first time, push nations to transition away from fossil…
COP28 crowds: A dangerous distraction or sign of success?
December 6, 2023 Flashy country pavilions, corporate-sponsored cocktail parties and a smorgasbord of side events have turned the annual U.N. climate summit into what some say is a trade show…
OPEC+ tweaks Nigeria, Angola oil output levels for 2024
Dec. 1, 2023 OPEC+ handed Nigeria a 2024 oil output target lower than Africa’s largest oil producer had hoped for while lowering Angola’s target, according to a statement from the…
OPEC+ ministers meet to discuss additional oil output cuts
November 30, 2023 The OPEC+ alliance of oil producers will consider additional production cuts for next year to support crude prices in virtual meetings on Thursday, three delegates told Reuters….
Nigeria’s oil production targets could be a stretch – Analysts say
November 29, 2023 OPEC+ member Nigeria is unlikely to reach its own production target in 2024 after years of declining output, according to figures from two of three consultancies the…
OPEC+ looking at deeper oil cuts ahead of Thursday meeting
November 28, 2023 OPEC+ is looking at deepening oil production cuts despite its policy meeting being postponed to this Thursday amid a quota disagreement between some producers, an OPEC+ source…
Angola, Nigeria target higher oil output amid OPEC+ talks
November 24, 2023 African members of OPEC+ producer group Angola and Nigeria are aiming for higher oil output, officials told Reuters on Thursday, a day after the group was forced…