Tag Archives: leadership.ng

OPEC Foresees Oil Market Demand Growth in 2024

The Organisation of Petroleum Exporting Countries(OPEC), is optimistic of oil demand growth in 2024 despite current market slowdown. The organisation will likely maintain an upbeat view on oil demand growth for next year when it publishes its first outlook later this month, predicting a slowdown from this year but still …

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Chevron to Spend $15bn on Growth, New Energy Business

Oil major, Chevron Corporation, has said, it is leveraging on its progress to leverage its strengths to safely deliver lower carbon energy to a growing world at its annual investor meeting. Chevron also expects to maintain capital and cost discipline to deliver higher returns while growing energy supplies. Under the …

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OPEC Forecasts another Decade of Oil Demand Growth

The Organisation of the Petroleum Exporting Countries(OPEC) has maintained its view that global oil demand will rise for another decade, longer than many other forecasters predict, in a forthcoming major report, despite the growing role of renewables and electric cars, two OPEC sources said. The OPEC, is scheduled to update …

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OPEC Records Huge Oil Export Drop in 2020

The Organisation of Petroleum Exporting Countries (OPEC), saw a sharp decline in its global crude export in 2020, following disruptions occasioned by the COVID-19 pandemic. According to available data, OPEC member countries exported an average of 19.70 million barrels a day, mb/d of crude oil in 2020, a sharp decrease …

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