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Saudi, Russia agree to cut oil by 20 million barrel, Further oil production cut required to keep oil price above $40 in 2020 , OPEC + deal to boost Nigeria’s earnings by $2.8 Billion, Oil Still Bullish After OPEC+ Decision

OPEC+ forced to delay talks as disagreement in the cartel deepens

by Chike Olisah

December 1, 2020

OPEC+ was forced to reschedule its meeting as it could not reach a unanimous decision on key policies.

Banking crisis imminent over debt by independent oil producers, Crude oil prices up 32% though report still paints gloomy picture Crude oil prices up 32% though report still paints gloomy picture, Hope for Higher Oil Prices., Nigeria’s oil crisis compounded as India’s fuel demand crash by 60% , Nigeria’s Bonny light hits $25 dollars, Saudi pledges more oil cuts

Nigeria’s Bonny Light hits $25, as Saudi Arabia pledges more oil cut

by Olumide Adesina

"This reduction in production provided excellent optics encouraging other OPEC + members to comply and even offer additional voluntary cuts, ...

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