Nigeria to maintain crude output as OPEC extends production cut | InfoWARE Finance
Nigeria to maintain crude output as OPEC extends production cut
(Source: THE SUN, Date: 26-May-2017)
Nigeria will maintain its output of 2.2 million barrels per day, according to the outcome of the Organisation of Petroleum Exporting Countries (OPEC) meeting in Vienna.
This was disclosed at the 172nd ordinary OPEC meeting in Austria.
More than 20 OPEC and non-OPEC countries, in November 2016, agreed to collectively cut production by 1.8 million barrels a day in an effort to reduce the global supply glut that stalled crude oil prices.
The deal, which began on Jan. 1, was to end in June but has been extended to the first quarter of 2018… Read More...
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