They talked on “ways of cooperation to enhance the stability “ of the Crude market.
If cases soar in China and the United States, then the global economy is in for a cataclysmic shock.
Nigeria had previously failed at complying completely with its promised cuts in past months.
The supply will overshoot the demand in a short time and we will likely slide to where we were in early March 2020.
Mele Kyari disclosed that the country will implement all of the output cuts that were agreed, by the middle of July at the latest.
NNPC has stated that vandalism of its pipelines across the country rose by a phenomenal spike of 50% in January 2020.
The Federal Government has given reasons why it stopped subsidy on fuel and fully deregulated the downstream sector of the petroleum industry.
In Nigeria, Coronavirus possesses a different kind of imminent threat which could cost economies even more.
The treaty between Russia and Saudi Arabia seems to have been thrown into the dustbin as the countries are strapping in for a prolonged oil-price conflict.
The GMD of NNPC, Mele Kyari, sat among national stakeholders during the CBN roundtable and addressed the issue of declining crude oil revenue.