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African Energy Chamber
Source: African Energy Chamber |

OPEC still has an important role to play in Global Oil Market (By Sebastian Wagner)

OPEC has been at the center of one of the biggest stories of 2020 aside from COVID-19

By Sebastian Wagner Scan Western news about OPEC from the last few years, and a common observation tends to appear: OPEC had a huge influence on the global oil market back in the day. Now, in the shale oil era, not so much. I would argue that OPEC can safely…

African Energy Chamber
Source: African Energy Chamber |

African Energy Chamber urges Organization of the Petroleum Exporting Countries (OPEC) to reach a deal on ending Oil Prices War

The situation in Africa’s oil economies is dire and the continent needs a deal to ensure the continuity and survival of its industry

OPEC and OPEC+ are set to meet in Vienna on Thursday, April 9th, to try to reach a deal on ending the current oil prices war. Since OPEC failed to reach a deal on maintaining production cuts last March, major oil producers have been ramping up production to maintain and…

African Energy Chamber
Source: African Energy Chamber |

Africa’s life after OPEC+ (By NJ Ayuk)

Underneath the panic caused by Coronavirus and the fall out of OPEC+ lies opportunity for African oil producers

By NJ Ayuk Sometimes it is easy to forget how interconnected human lives across the globe have become. Perhaps we no longer talk as much about globalization as we used to in the 1990s because it is no longer an issue to be discussed or protested against, it is simply…

African Energy Chamber

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    • African Producers Decide of Further Cooperation Within APPO on the Sidelines of The Organization of the Petroleum Exporting Countries (OPEC) Meeting
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Source: African Energy Chamber |

African Producers Decide of Further Cooperation Within APPO on the Sidelines of The Organization of the Petroleum Exporting Countries (OPEC) Meeting

African petroleum producers also met on the sidelines of the OPEC Meeting to discuss the deepening of the pan-African energy cooperation within APPO

Several African petroleum and energy ministers met in Vienna this week, including OPEC Members Equatorial Guinea, Nigeria, Gabon, Congo-Brazzaville and Angola to join OPEC efforts in stabilizing the market in light of the ongoing coronavirus outbreak. They were joined by additional members of the African Petroleum Producers Organization (APPO), forming…

African Energy Chamber
Source: African Energy Chamber |

“Organization of Petroleum Exporting Countries (OPEC) Will Help Stabilize the Oil Market even with Coronavirus concerns”, African Energy Chamber Says During Discussion with Deutsche Welle

The near-term outlook for global financial and energy markets remains grim and the forecast for the remaining of the year is deteriorating and is not looking any better

As oil prices sank about 14 percent last week alone and the Brent hit a twelve-month low on the back of the coronavirus outbreak, the Organization of Petroleum Exporting Countries (OPEC) is meeting in Vienna this week to help stabilize the market. Executive Chairman of the African Energy Chamber (https://EnergyChamber.org/)…