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Tag Archives: OPEC

Republic of Congo to assume OPEC rotating presidency in 2022

Brazzaville, Congo | Xinhua | The Republic of the Congo will succeed Angola as OPEC’s rotating president in 2022, said Mohammed Barkindo, secretary-general of the Organization of the Petroleum Exporting Countries (OPEC) on Monday. “Congo will take over the presidency of OPEC in 2022,” he said after an exchange with Congolese …

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Rising oil prices cast shadow over global economic recovery

  Valletta, Malta | Xinhua | Global oil demand is rising following an accelerated vaccination campaign and an economic recovery, pushing oil prices to two-and-a-half-year highs amid an output deficit. Although an agreement for more output reached among the Organization of the Petroleum Exporting Countries (OPEC) and its allies on July …

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Global oil demand to record historic growth in 2021: OPEC

Kampala, Uganda | XINHUA | The Organization of the Petroleum Exporting Countries (OPEC) predicts that global oil demand will register a historic high growth of seven million barrels per day (b/d) in 2021, although it will remain far below the pre-COVID-19 level. While the oil market is still ravaged by …

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