Tag: Oil Output
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Nigeria announces new daily oil output after OPEC meeting
Nigeria is set to peg its daily oil output at 1.412 Million barrels per day from the average 1.87mbd. The production cut will take effect from May-June 2019. Petroleum Minister, Timipre Marlin Sylva said Nigeria is taking the shaving as a result of the 9.7m barrels output cut reached by OPEC+ on Sunday. The global…
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Nigeria, other OPEC members Consider Output Cut Extension Till End of 2020
Nigeria and other members of the Organisation of the Petroleum Exporting Countries (OPEC) are in talks to extend oil production cut through the year of 2020, reports have said. Quoting a source, a Russain news agency, TASS, said discussions were still in the early stages. It was further disclosed that there was an understanding among…