Free Republic

The outgoing Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC), Mohammad Barkindo, is dead, the Nigerian National Petroleum Company Limited has announced. Born April 20, 1959, he passed at 63. “We lost our esteemed Dr Mohammad Sanusi Barkindo. He died at about 11pm yesterday 5th July 2022,” the Group Managing Director of the NNPC, Mele Kyari, posted on his verified Twitter handle Wednesday morning. “Certainly a great loss to his immediate family, the NNPC, our country Nigeria, the OPEC and the global energy community. Burial arrangements will be announced shortly.” The circumstances surrounding Mr Barkindo’s death remained unclear as...

BRUSSELS/LONDON (Reuters) -OPEC told the European Union on Monday that current and future sanctions on Russia could create one of the worst ever oil supply shocks and it would be impossible to replace those volumes, and signalled it would not pump more. European Union officials held talks in Vienna with representatives of the Organization of the Petroleum Exporting Countries amid calls for the group to increase output and as the EU considers potential sanctions on Russian oil. "We could potentially see the loss of more than 7 million barrels per day (bpd) of Russian oil and other liquids exports, resulting...