The Organisation of Oil Producing Companies, Russia and other allies referred to as OPEC+, yesterday agreed to extend oil production cut till December this year. Opec Nigeria ProductionCut
Though Minister of State for Petroleum Resources, Timipre Sylva had yesterday insisted that Nigeria has been complying with the quota and would 100 per cent comply to ensure oil market rebound, the cartel yesterday stressed on the need for countries like Nigeria, Iraq and others to fully comply with cut.
OPEC+ had in April agreed on cutting supply by 9.7 million barrels per day during May-June. It will cut 7.7 million bpd from July to December.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nigeria To Compensate For Overproduction As OPEC, OPEC+ Agree To Extend Oil Output CutsNigeria To Compensate For Overproduction As OPEC, OPEC+ Agree To Extend Oil Output Cuts
Read more »
OPEC+ countries extend oil output cut to JulyThe Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC allies, known as OPEC+ have agreed to extend the 10-million-barrel-per-day (mbd) first phase of the oil output cut by one month, to July 2020.
Read more »
OPEC moves to recover oil pricesThe Organisation of Petroleum Exporting Countries and its allies (OPEC+) have agreed to extend the current record output cuts by another one month to further support the oil price recovery. The cur…
Read more »
Nigeria To Compensate For Overproduction As OPEC, OPEC+ Agree To Extend Oil Output CutsNigeria To Compensate For Overproduction As OPEC, OPEC+ Agree To Extend Oil Output Cuts
Read more »
OPEC+ countries extend oil output cut to JulyThe Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC allies, known as OPEC+ have agreed to extend the 10-million-barrel-per-day (mbd) first phase of the oil output cut by one month, to July 2020.
Read more »
Protests rock Lagos, Abuja over rising rape cases, sexual assault against womenThe protest which was organised by TechHerNG, Girl Child Africa, Connected_dev , EiENigeria, StandtoEndRape, YIAGA, others urged authorities in Nigeria to force systemic action against Sexual and Gender-based Violence (SGBV) in Nigeria.
Read more »