Tag Archives: The Punch

The recent decision by the Organisation of the Petroleum Exporting Countries and its allies to increase their oil production quotas and the prospect of higher Iranian output point to a smaller global oil market deficit this year than previously envisaged, Capital Economics has said. The London-based economic research company said …

The consumption of renewable energy cannot come anywhere close to overtaking oil and gas usage in the decades ahead, the Organisation of Petroleum Exporting Countries said on Wednesday. Secretary-General, OPEC, Mohammad Barkindo, said this in his special address at the S&P Global Platts Americas Petroleum and Energy Conference, with the …

One of the direct impacts of gas flaring in the Niger Delta region of Nigeria is acid rain. The flared stack from associated gas in crude oil production emits huge deposits of toxins, which are a major cause of acid rain. There is now a consensus in our country’s science …

Russia agreed to expand its 228.000 bpd in cuts by an additional 70.000 bpd for a total of about 300.000 bpd.

A combination of these solutions would go a long way in minimizing the impact of climate change.

The meeting decided that the next OPEC and non-OPEC Ministerial Meeting would convene in Vienna. Austria. on December 6. 2019.

The Organization of Petroleum Exporting Countries reduced production by 221.000 bpd in February.

OPEC. Russia and other non-members agreed in June to return to 100 per cent compliance with oil output cuts that began in January 2017.

Nigeria is presently the fourth exporter of gas in the world.