Global Growth Estimate Of 4.8% Will Increase Oil Demand, Market Stability In 2021— OPEC         The Organisation of Petroleum Exporting Countries, OPEC, has stressed that the estimated 4.8 per cent global growth will culminate in oil market stability this year. This is even as the price of...

OPEC Cautions Nigeria, Others Over Crude Oil Production       The Secretary-General of the Organisation of the Petroleum Exporting Countries has said OPEC and its allies need to remain disciplined with their production to ensure full oil price recovery as the global economy continues to rebound from...

Oil’ll Retain Largest Share In Global Energy Mix – OPEC       The demand for crude oil is projected to increase by about nine million barrels per day in future, as oil will continue to retain its largest share in the global energy mix, the Organisation of...

Nigeria’s Crude Oil Earnings Rebound By 116% – OPEC         The Federal Government’s earnings from the export of crude oil has recorded a rebound of 116 per cent, the Organisation of Petroleum Exporting Countries disclosed on Tuesday. OPEC said the 116 per cent rebound was recorded in...

Nigeria’s Oil Revenue To Drop By N140bn Following OPEC Cut     The revenue accruable to the Federal Government from the sale of crude oil is estimated to drop by a cumulative sum of about N140bn in May and June this year following oil production cuts by...

Don’t Expect Crude Demand Recovery Before July - OPEC   The demand for crude oil will not recover till the second half the year, the Organisation of Petroleum Exporting Countries has said. OPEC, however, forecast that global oil demand would fall by over six million barrels per...