OPEC exempts Nigeria in 1.2m bpd production cut

OPEC exempts Nigeria in 1.2m bpd production cut

Members of the Organisation of Petroleum Exporting Countries (OPEC) have agreed to cut production — the first in eight years—by 1.2 million barrels per day (mb/d) to bring ceiling to 32.5 mb/d, effective from January 1. Minister of State (Petroleum) Emmanuel Ibe Kachikwu told reporters on the sidelines of the meeting that “this production cut is expected […]

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Source: OPEC exempts Nigeria in 1.2m bpd production cut

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