NNPC has deferred disclosing its future oil export plans, as it tries to keep up with its own share of the oil output cut
Oil prices, particularly WTI, crashed below $0 during on Monday for the first time ever sending shock waves across the world.
The alliance of OPEC+ producers, G-20 energy ministers and other oil producers reached a landmark deal which could cut close to 15.0mb/d from global oil supply.
Recent developments in the global oil market have indicated that there may be a repeat of the oil price burst of 2014.
Nigeria has defaulted in the agreement reached by the Organization Petroleum Exporting Country (OPEC) to cut crude oil production.
The members and allies of the Organisation of Petroleum Exporting Countries (OPEC) have failed to reach a consensus on output cut.