Mohammad Barkindo, a Nigerian politician and the secretary-general of oil group OPEC, has died at the age of 63. The head of Nigeria’s National Petroleum Corporation, Mele Kyari, announced the news in a tweet Wednesday, which was confirmed by two sources at OPEC. “We lost our esteemed Dr Muhammad Sanusi …
Read More »Barkindo to Join Atlantic Council, Leaves OPEC July 31
The Atlantic Council has disclosed that Mohammad Sanusi Barkindo, secretary general for the Organization of the Petroleum Exporting Countries (OPEC), will join the Atlantic Council as a distinguished fellow in the Global Energy Center after the conclusion of his term at OPEC on July 31. Barkindo’s fellowship at the council …
Read More »OPEC+ Set to Agree Oil Output Increase of 432,000 bpd for June amid Price Rally
OPEC+ will likely stick to modest oil output increases on Thursday arguing it is not responsible for geopolitics and supply disruptions while stressing its worries over the demand outlook due to new Covid-19 lockdowns in China. Delegates from the group said OPEC+ was set to agree another monthly increase of …
Read More »OPEC Tells EU It’s not Possible to Replace Potential Russian Oil Supply Loss
OPEC told the European Union on Monday (11 April) that current and future sanctions on Russia could create one of the worst ever oil supply shocks and it would be impossible to replace those volumes, and signalled it would not pump more. European Union officials held talks in Vienna with …
Read More »OPEC: Russian-Ukraine War Scares Investors
The Organisation of Petroleum Exporting Countries (OPEC) yesterday said the war between Russia and Ukraine has frightened investors from the oil and gas industry and also rattled commodity market. Speaking at the Nigeria Energy Forum (CERA Week 2022 Agenda, OPEC Secretary General, Dr. Sanusi Barkindo, noted that the war has …
Read More »OPEC Meets with US Shale Executives as Oil Prices Skyrocket
Officials from the Organization of the Petroleum Exporting Countries (OPEC) met US shale oil company executives on the sidelines of the CERAWeek conference in Houston on Monday, March 7, as energy prices soared over supply concerns. It was at least the fourth time since 2017 that US shale oil producers …
Read More »OPEC Appoints Kuwait’s Al-Ghais as Next Sec-Gen
The Organization of the Petroleum Exporting Countries (OPEC) has appointed Haitham Al-Ghais of Kuwait as its Secretary General with effect from August 1, 2022, for a period of three years. The decision was taken as a special conference of OPEC under the chairmanship of its President, Bruno Jean-Richard Itoua, Congo’s …
Read More »OPEC Meets Today to Discuss New Top Official
OPEC ministers are due to hold a meeting on Monday to discuss the appointment of a new secretary general, two OPEC sources said, with Kuwait’s candidate for the job holding widespread support from the group. Haitham al-Ghais, a former Kuwaiti governor to the Organization of the Petroleum Exporting Countries, is …
Read More »OPEC Official Hits at Misguided Efforts to Pare Oil and Gas
Attempts to cut investment in oil and gas to combat climate change are “misguided,” Organization of the Petroleum Exporting Countries (OPEC) Secretary General Mohammad Barkindo told an energy conference on Wednesday, December 8, arguing that producers have a critical role to play during the transition to cleaner fuels. Speaking at …
Read More »OPEC Brands Transition from Oil to Renewables Dangerous
The Organization of the Petroleum Exporting Countries (OPEC) said the narrative that the energy transition is from oil and other fossil fuels to renewables is ‘misleading’ and ‘potentially dangerous’. That comes just a few hours after the announcement of the Glasgow Climate Pact that includes in its text a reference …
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