Iraq’s oil independence is moving closer as the country rapidly expands its refining capacity. With production…
Tag: OPEC
Angola’s Oil Output Falls Below 1mbpd Post-OPEC Exit
Angola’s oil output decline has raised serious concerns after production fell below 1 million barrels per…
Angola’s Crude Output Dips Below 1 Million Bpd, Marking Post-OPEC First
Angola failed to meet government forecasts for oil production in July as its crude output slipped…
FG to Withdraw Licences of Firms with Dormant Oil Fields
The Federal Government of Nigeria has threatened to withdraw the licences of firms with dormant oil…
IEA Reports Oil Oversupply, Signals Potential Price Drop
The International Energy Agency (IEA) reports that crude supply exceeds demand by 600,000 barrels per day…
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…