The International Energy Agency (IEA) reports that crude supply exceeds demand by 600,000 barrels per day…
Tag: OPEC
OPEC Forecasts Surge in Global Oil Demand, Led by Asia and Transport Growth
The Organisation of the Petroleum Exporting Countries (OPEC) has confirmed its forecast for increasing global oil…
Brazil Joins OPEC, Amplifies Global Oil Influence
On February 18, 2025, Brazil officially joined the Organization of the Petroleum Exporting Countries (OPEC), marking…
OPEC Fund Powers Africa’s Largest Wind Farm in Egypt
The OPEC Fund for International Development has committed $30 million to the Gulf of Suez Wind…
OPEC Giants to Gain as China and India Seek Oil Alternatives
Oil refineries in China and India, major consumers of Russian oil, are increasingly turning to oil-producing…
The World Needs Crude Oil to Electrify Everything – OPEC Secretary General
Haitham al Ghais, the Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC), wrote in a…
Africa50 Pledges $100m for Renewable Energy Projects in Africa
Africa50, a pan-African infrastructure investor and asset management group, has pledged to commit $100 million to…
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…
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…