OPEC and its allies have agreed to cut global oil production by 1.393 million barrels per day.
Nigeria and other members of the Organisation of Petroleum Exporting Countries as well as the Non-OPEC members have agreed to cut production volumes to ensure global oil market stability. meeting of OPEC held in Vienna, Austria on 4 June.
The News Agency of Nigeria reports that OPEC and its allies have agreed to cut global oil production by 1.393 million barrels per day, reducing Nigeria’s oil production quota by 20.7 per cent.
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