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Angola quits OPEC over production quotas

Angola has announced that is leaving the OPEC oil producers cartel, coming after it battled with the group over lower production quotas this year. Disagreements...

Africa urged to combat energy poverty as a priority

The secretary General of the Organization of Petroleum Exporting Countries (OPEC) has urged African oil-producing countries to continue developing their energy sector activities. Mohammed Barkindo...

Former OPEC President to be Extradited Back to Nigeria

Nigeria’s Economic and Financial Crime Commission (EFCC) has revealed it is waiting for the deportation of its Former oil Minister Diezani Alison-Madueke from the...

Quantum Oil Terminals Limited sues IFC and the OPEC

Quantum Oil Terminals Limited has sued International Finance Corporation (IFC) and the OPEC Fund for International Development for damages totaling $41.3million ($41,319,123) as damages for alleged breach of contract.

Angola now becomes Africa’s top oil producer

Angola has taken over from Nigeria as Africa’s top oil producer, according to a report by the Organization of Petroleum-Exporting Countries (OPEC). OPEC’s Monthly Oil...

Angola trims oil production after OPEC agreement

Angolan state oil company Sonangol has cut output by 78,000 barrels per day to (bpd) to 1.673 million bpd as part of an OPEC...

OPEC oil output hits record high

OPEC's oil output set another record high in November ahead of a deal to cut production, a Reuters survey found on Monday, helped by...

OPEC to debate oil output cut next week but Iraq, Iran hesitate

OPEC will debate an oil output cut of 4.0-4.5 percent for all of its members except Libya and Nigeria next week but the deal's...

OPEC experts resume talks on oil output cut, delegates upbeat

The OPEC flag and the OPEC logo are seen before a news conference in Vienna, Austria, October 24, 2016. Photo Credit: Reuters   OPEC experts discussing...

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