Despite the deal by the OPEC and its allies, in addition to the intervention of US President, the volatility of the oil market still continues unabated.
The historic oil deal between OPEC and other top oil-producing countries on Sunday, April 12, 2020, did not come without its own drama.
This is a breakdown of how much Nigeria will be contributing to the cuts including the agreed timelines.
So what was agreed? Here is the break down of the cuts and the timelines;
The meeting with OPEC and its OPEC+ countries took a u-turn late on Thursday after Mexico refused to accept production cuts offered to it. The country’s...
Oil prices slumped on Monday morning in Asia as the Coronavirus pandemic continued to hurt demand while the price war between Saudi Arabia and Russia remained...
The International Energy Agency has projected that members of OPEC and all the other OPEC+ countries, will face very stiff competition in 2020.