No OPEC member can Take Our Quota- Iran Iran has told the Organization of Petroleum Exporting Countries (OPEC) that no member country should be allowed to take over another member’s share of oil exports, expressing Tehran’s concern about Saudi Arabia’s offer to pump more oil...

OPEC, Others Increase Output by 1m barrels Russia and other non-members of Organisation of Petroleum Exporting Countries (OPEC) have agreed to join OPEC in raising oil production output by one million barrels per day (mb/d) from July 2018. The Minister of Energy and Industry of United...

Global Crude Oil Stock Surplus Diminishes- IEA The International Energy Agency(IEA) has said that the international oil market could become too tight if supply remains restrained by Organization of Petroleum Exporting Countries(OPEC) and its allies as global oil stocks have diminished. The IEA, which coordinates the...

The Niger Delta Avengers has denied entering into a ceasefire agreement with the Federal Government as the new OPEC Secretary Mohammed Barkindo suggests Carrot and Stick approach. In a reaction to media reports, the Niger Delta group denied signing a 30-day ceasefire pact with the...