OPEC | Bizcommunity

OPEC | Bizcommunity

News

Finance

OPEC Fund commits $1bn in new financing for developing nations

Duncan Miriri and Marc Jones 19 Jun 2025

Image credit: Raff Liu on Unsplash

Coal, Oil & Gas

Oil prices surge as Iran-Israel conflict causes production concerns

Seher Dareen 17 Jun 2025

Fuel prices decrease from Wednesday

Fuel & Energy

Fuel prices decrease from Wednesday

3 Jun 2025

Source: Supplied.

4th Industrial Revolution

Shares finish down with investors focused on Nvidia results

Chibuike Oguh 29 May 2025

Fuel price relief: petrol and diesel costs to decrease in May

Fuel & Energy

Fuel price relief: petrol and diesel costs to decrease in May

5 May 2025

Relief at the pumps as fuel prices set to come down

Fuel & Energy

Relief at the pumps as fuel prices set to come down

1 Apr 2025

Oil steady; market eyes OPEC+ output increase, US tariffs

Coal, Oil & Gas

Oil steady; market eyes OPEC+ output increase, US tariffs

5 Mar 2025

Miniatures of oil barrels and a rising stock graph are seen in this illustration. Source: Reuters/Dado Ruvic

Coal, Oil & Gas

Oil price spikes after Trump cancels Chevron Venezuela licence

Stephanie Kelly 28 Feb 2025

Markets & Investment

Natural Resources Outlook 2025: Trade tariffs and geopolitics set to bolster gold's appeal

George Cheveley 13 Jan 2025

Source: © 123rf The fuel prices for January 2025 will be adjusted with increases for Petrol 93, Petrol 95 and for diesel

Fuel & Energy

SA welcomes in 2025 with petrol and diesel increases

29 Dec 2024

Consumers brace for higher petrol prices in December

Fuel & Energy

Consumers brace for higher petrol prices in December

4 Dec 2024

Source: Reuters.

Economy

Oil hovers at one-month low with supply drivers back in focus

Laila Kearney 30 Oct 2024

Markets & Investment

Middle East crisis: How oil price outcomes will impact wider financial markets

25 Oct 2024

South African motorists get welcome relief at the pumps.

Fuel & Energy

South Africans rejoice at fourth fuel price drop

3 Sep 2024

August brings fuel price relief for South African motorists

Fuel & Energy

August brings fuel price relief for South African motorists

5 Aug 2024

Source: Reuters.

Economy

Oil holds ground amid political uncertainty in US, Mideast

Florence Tan 15 Jul 2024

Good news for motorists as fuel prices decrease

Fuel & Energy

Good news for motorists as fuel prices decrease

3 Jul 2024

2023 was a record year for all energy consumption. Source: Viktor Kiryanov/Unsplash

Energy

Energy Institute report says 2023 was record year

Lindsey Schutters 25 Jun 2024

Saudi Arabia still commands the largest supply in OPEC+

Coal, Oil & Gas

OPEC+ extends oil production cuts into 2025 to stabilise prices

Lindsey Schutters 3 Jun 2024

Coal, Oil & Gas

Galp Energia says Mopane oil field contains 10bn barrels

Sergio Goncalves 22 Apr 2024

Coal, Oil & Gas

OPEC courts Namibia as country embraces energy resources

Natalie Grover and Wendell Roelf 15 Apr 2024

HE Haitham Al Ghais, Secretary General of OPEC

Materials & Equipment

We face a transport and construction apocalypse if oil vanishes

Haitham Al Ghais 25 Mar 2024

Fuel prices rise on back of higher global oil costs and weaker rand

Energy

Fuel prices rise on back of higher global oil costs and weaker rand

Lindsey Schutters 4 Mar 2024

NUPRC CEO Gbenga Komolafe in December received awards for public service from the SUN Newspaper and for distinction from foreign investment network. Source: Facebook/NUPRC

Markets & Investment

Nigeria invests $13.5bn to fight oil theft and vandalism

Camillus Eboh 2 Jan 2024

Coal, Oil & Gas

Angola decides to leave OPEC, says it doesn't serve its interests

Miguel Gomes, Ahmad Ghaddar and Alex Lawler 21 Dec 2023

African Energy Chamber predicts 'relative calm' market

Coal, Oil & Gas

African Energy Chamber predicts 'relative calm' market

NJ Ayuk 20 Nov 2023

Coal, Oil & Gas

Nigeria oil industry turns a corner, introduces new Nembe grade

Natalie Grover, Robert Harvey and Ahmad Ghaddar 8 Nov 2023

Coal, Oil & Gas

Dangote refinery will transform Nigeria into oil net exporter

Julia Payne and Libby George 3 Nov 2023

Petrol price set to decrease by R1.78

Fuel & Energy

Petrol price set to decrease by R1.78

30 Oct 2023

Source: Sergio Sousa/Pexels

Energy

Petrol and diesel prices decrease on Wednesday

30 Oct 2023

#AEW2023: OPEC says energy-starved Africa needs fairer climate treatment

Energy

#AEW2023: OPEC says energy-starved Africa needs fairer climate treatment

Wendell Roelf 17 Oct 2023

Coal, Oil & Gas

Nigeria accelerates oil contract agreements

Camillus Eboh 26 Sep 2023

Pump jacks operate at sunset in an oil field in Midland, Texas. Source: Reuters/Nick Oxford

Energy

Oil price breaches $90 as Saudi Arabia and Russia extend supply cuts

Natalie Grover, Katya Golubkova and Andrew Hayley 5 Sep 2023

Source: Reuters. China's Minister of Commerce Wang Wentao and South Africa's Minister of Trade, Industry and Competition Ebrahim Patel.

Economy

#BRICS2023: What is Brics and who are its members?

Bhargav Acharya 22 Aug 2023

Image source: Maahid Photos from

Coal, Oil & Gas

Nigeria's Forcados crude oil exports have resumed, says Shell

Natalie Grover 14 Aug 2023

Source: Reuters.

Markets & Investment

Dollar firms as weak Chinese data dampen risk appetite

Andre Cilliers 5 Jul 2023

Markets & Investment

Dollar holding steady at Friday's weaker levels

Andre Cilliers 3 Jul 2023

Source: Reuters.

Markets & Investment

Weak Chinese PMI data further drives risk-off sentiment

Andre Cilliers 31 May 2023

Solar power due to overtake oil production investment for first time - IEA

Renewables & Energy Efficiency

Solar power due to overtake oil production investment for first time - IEA

Noah Browning 25 May 2023

Oil prices fall, set for fourth weekly drop, as demand fears weigh

Coal, Oil & Gas

Oil prices fall, set for fourth weekly drop, as demand fears weigh

Yuka Obayashi and Andrew Hayley 12 May 2023

Markets & Investment

Surprise oil-production cut unsettles markets

Andre Cilliers 3 Apr 2023

Source: Reuters.

Banking

As banking fears mount oil slumps $5/bbl

Arathy Somasekhar 15 Mar 2023

Opec does not need to make up for Russia oil output cut - Angola oil minister

Coal, Oil & Gas

Opec does not need to make up for Russia oil output cut - Angola oil minister

Stephanie Kelly 9 Mar 2023

Namibia makes third oil discovery in the Orange Basin

Coal, Oil & Gas

Namibia makes third oil discovery in the Orange Basin

Nyasha Nyaungwa 6 Mar 2023

Exxon to exit Equatorial Guinea amid wider Africa crude phaseout

Coal, Oil & Gas

Exxon to exit Equatorial Guinea amid wider Africa crude phaseout

Sabrina Valle 30 Nov 2022

Markets & Investment

More pain likely in store for consumers

Andre Cilliers 31 Oct 2022

Fuel price reprieve positive development as 2022/23 agriculture season begins

Agriculture

Fuel price reprieve positive development as 2022/23 agriculture season begins

Paul Makube 7 Sep 2022

Markets & Investment

Recession fears pushing the dollar to multi-year highs against the majors

Andre Cilliers 6 Sep 2022