OPEC

Russia Says UAE’s Exit From OPEC Will Increase Global Production, Bring Down Oil Prices In Future

1 min read

• Foreign News

Russia Says UAE’s Exit From OPEC Will Increase Global Production, Bring Down Oil Prices In Future

Adedokun Waliyu April 29, 2026

Russian Finance Minister Anton Siluanov said on Wednesday that the decision by the United Arab Emirates ‌to...

Read More

OPEC Lowers Second-quarter Global Oil Demand Forecast On iran war

2 min read

• Foreign News

OPEC Lowers Second-quarter Global Oil Demand Forecast On iran war

Adedokun Waliyu April 22, 2026

OPEC on Monday lowered its forecast for world oil demand in the second quarter by 500,000 barrels...

Read More

OPEC+ Agrees In Principle On Theoretical Oil Output Hike Amid Iran War Paralysis, Sources Say

2 min read

• Foreign News

OPEC+ Agrees In Principle On Theoretical Oil Output Hike Amid Iran War Paralysis, Sources Say

Adedokun Waliyu April 5, 2026

OPEC+ has agreed in principle to raise its oil output quotas by 206,000 barrels per day for...

Read More

OPEC+ Agrees To Keep Oil Output Unchanged As Iran Tensions Boost Prices

2 min read

• Foreign News

OPEC+ Agrees To Keep Oil Output Unchanged As Iran Tensions Boost Prices

Adedokun Waliyu February 1, 2026

OPEC+ agreed to keep its oil output unchanged for March at a meeting, the producer group said...

Read More

OPEC+ Set To Agree Another Modest Oil Output Increase, Sources Say

2 min read

• Foreign News

OPEC+ Set To Agree Another Modest Oil Output Increase, Sources Say

Adedokun Waliyu November 2, 2025

OPEC+ is set to agree on Sunday on another modest increase in oil output targets, three sources...

Read More

Saudi Plays Short And Long Game With OPEC+ Production Gamble

4 min read

• Foreign News

Saudi Plays Short And Long Game With OPEC+ Production Gamble

Adedokun Waliyu July 8, 2025

Saudi Arabia’s drive to rapidly increase OPEC+ oil output may put Riyadh in the pole position to...

Read More

Democratic Senators Seek Probe Of Allegations Of Collusion Between OPEC And Oil Industry

2 min read

• Foreign News

Democratic Senators Seek Probe Of Allegations Of Collusion Between OPEC And Oil Industry

Adedokun Waliyu May 30, 2024

U.S. Senate Majority Leader Chuck Schumer and 22 other Democratic Senators on Thursday asked the Attorney General...

Read More

Lula Says Brazil Never To Be Full Member Of OPEC+, Only Observer

2 min read

• Foreign News

Lula Says Brazil Never To Be Full Member Of OPEC+, Only Observer

Adedokun Waliyu December 3, 2023

Brazil will never join the OPEC+ group of oil-producing nations as a full member and instead only...

Read More