OPEC | TRT Afrika

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OPEC courts Namibia after Angola exits oil bloc

OPEC courts Namibia after Angola exits oil bloc

Oil producers' bloc OPEC is courting Namibia to join the group after Angola and a few other players left it.

Nigeria's stolen oil: More troops needed to fight cartels - union

Nigeria's stolen oil: More troops needed to fight cartels - union

Oil theft and sabotage have forced oil majors to exit all their onshore assets and limited the country's output.

Oil prices increase ahead of OPEC meeting

Oil prices increase ahead of OPEC meeting

Oil prices are expected to rise amid tensions in the Middle East, projections show.

Oil prices rise amid heightened geopolitical risks

Oil prices rise amid heightened geopolitical risks

International benchmark Brent crude traded at $85.21 per barrel at 0729 GMT on Monday.

Oil prices spike as OPEC continues output cuts

Oil prices spike as OPEC continues output cuts

Producers in the OPEC group, including Saudi Arabia and Russia, agreed to extend their voluntary crude supply cuts until the end of June.

Angola formalises exit from OPEC

Angola formalises exit from OPEC

Angola has written to OPEC's leadership communicating its decision to leave the oil organisation from January 1, 2024.

Crude prices drop after Angola quits OPEC

Crude prices drop after Angola quits OPEC

Crude oil prices have slumped after Angola announced on Thursday that it was leaving OPEC.

Angola leaves OPEC after dispute over allocation

Angola leaves OPEC after dispute over allocation

Angola has announced that it is leaving OPEC after 17 years following a dispute over quota allocation.

Africa’s biggest refinery receives first crude cargo after delays

Africa’s biggest refinery receives first crude cargo after delays

Once fully running, the refinery funded by Africa's richest man Aliko Dangote will turn Nigeria into a net exporter of fuel.

Saudi Arabia to sign $533m deals with African countries

Saudi Arabia to sign $533m deals with African countries

Saudi Arabia's Public Investment Fund says the deals will pave way for some "game changing" investments in Africa.

Governments plan 'more oil production' despite climate pledges

Governments plan 'more oil production' despite climate pledges

A new report says plans to expand fossil fuel production are undermining the energy transition needed to achieve net-zero emissions.

Nigeria targets over 2 million barrels oil output per day

Nigeria targets over 2 million barrels oil output per day

Nigeria's oil production stood at 1.41 million bpd in August, up 8% from July, data from the petroleum regulator shows.