"> OPEC Archives - Page 2 of 4 - Sahel Standard
March 3, 2021
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ALGIERS- Algeria, currently taking on the chairmanship of the Organization of the Petroleum Exporting Countries (OPEC), insisted Thursday on the need to fully implement the agreement on reduction of oil production while affirming its commitment to cutting its output as from tomorrow.    “In the face of unprecedented difficulties facing the oil market, it is […]Continue Reading
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The Organization of the Petroleum Exporting Countries would like to update the distinguished delegates to the International Monetary and Finance Committee (IMFC) on current oil market conditions and developments.  The global oil market showed relative stability and ended 2019 on a positive note, despite economic headwinds and high uncertainties Continue Reading
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The African Petroleum Producers’ Organization (APPO) has called on G20 nations to extens hands of support to Africa to cope with COVID-19 and oil price crisis. In a communique issued in Abuja,the APPO reiterated support for concerted efforts of #OPEC and non-OPEC countries in ensuring long term stability of the global oil market. The full […]Continue Reading
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 Mohammad Sanusi Barkindo, OPEC Secretary General has appealed to oil producers to agree on production cost to stabilise the market in a passionate introductory remarks at OPEC and Non-OPEC Ministerial virtual meeting. “It is imperative we take urgent action.  It is in all of our interests, and it is also in the interests of consumers”, […]Continue Reading
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by  Sarah Ladislaw Many people have heralded the “end of OPEC” throughout its 60-year history. Even when it was alive some analysts regarded it as functionally dead several times. The most recent time was during the oil price crash of 2014 when U.S. oil production so voraciously outpaced demand growth that OPEC walked away from […]Continue Reading
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 Crude oil’s sudden price collapse may offer temporary breathing space to oil-linked term LNG buyers, but it won’t drastically alter the scope of LNG term contract negotiations unless those low price levels are sustained over a longer period, analysts told S&P Global Platts. Although oil’s price fall has narrowed the gap between spot and term Continue Reading