OPEC cuts oil demand forecast for 2024 due to weak intake from China

Aug 12, 2024

The Organization of the Petroleum Exporting Countries (OPEC) has slightly revised down global crude oil demand forecast for 2024, citing softer intake by China.

OPEC Secretary-General Mohammad Barkindo passes away

Jul 06, 2022

Abuja [Nigeria], July 6 : Organization of the Petroleum Exporting Countries (OPEC) Secretary-General, Mohammad Sanusi Barkindo, passed away on Tuesday in his home country,...

OPEC Secretary General Mohammad Sanusi Barkindo passes away at 63

Jul 06, 2022

Abuja [Nigeria], July 6 : Organization of the Petroleum Exporting Countries' (OPEC) Secretary-General, Mohammad Sanusi Barkindo, passed away at his home country Nigeria at...

Crude oil prices plunge by 541 points despite OPEC+ extending production cuts until 2025

Jun 04, 2024

The Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+, revealed that they would continue to enforce substantial oil production...

OPEC+ to raise daily crude production by just 100,000 barrel in September

Aug 04, 2022

Vienna [Austria], August 4 : The Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC participating countries have decided to raise crude oil...

OPEC+ agrees to increase output by 500,000 barrels a day in January

Dec 04, 2020

Vienna [Austria], December 4 (ANI/Xinhua): The Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC countries decided at a meeting on Thursday to increase...