The International Energy Agency (IEA), in its May 2024 Oil Market Report, reduced its forecast for…
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OPEC Woos Namibia to Join the Organisation
The OPEC+ oil producers group is proposing a possible membership to Namibia as it sets up…
TotalEnergies and Sinopec Join Forces for SAF Unit Production
TotalEnergies and China Petroleum and Chemical Corporation (Sinopec) have signed an agreement to jointly develop a…
Savannah Energy Acquires Sinopec Share in Nigeria
Savannah Energy Plc, a British energy company, has signed separate Share Purchase Agreements with Sinopec International…
OPEC Urges NNPC: Boost Oil for $14 Trillion Investment
The Organisation of the Petroleum Exporting Countries (OPEC) advises Nigerian National Petroleum Company Limited (NNPCL) to…
Oil Prices Increase After OPEC+ Extends Output Cuts
Oil prices increased slightly on Monday, March 4, following the widely expected extension of voluntary output…
OPEC Funds 55 Renewable Energy Projects with $1.7bn in Africa, Others
Several renewable energy projects in Africa have benefitted from the $1.7 billion financing from the Organization…
OPEC Pushes for More Investment in Oil Despite Global Renewable Shift
The Organisation of the Petroleum Exporting Countries (OPEC) is seeking more investment in oil despite the…
OPEC Fund Gets €50m Loan for SMEs, Green Energy in West Africa
The OPEC Fund for International Development has signed a €50 million loan agreement with the West…
OPEC Critises IEA for Unfair Climate Crisis Blames
OPEC’s Secretary General, Haitham Al Ghais, has criticised the International Energy Agency (IEA) for unfairly blaming…