Nigeria: Opec'll No Longer Stabilise Oil Market, Kachikwu Warns Us, Others

13 June 2017

Minister of State for Petroleum Resources, Mr. Ibe Kachikwu, has issued a threat to the United States and other oil producing countries who are non-members of the Organisation of Petroleum Exporting Countries (OPEC), stating that OPEC would soon stop playing the role of stabilizer in the global crude oil market.

Addressing newsmen in Abuja, Kachikwu stated that ensuring high and stable prices of crude oil globally should be the role of OPEC and non-OPEC oil producing countries alike and should not be left alone for the former.

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