Reprieve As OPEC Stalls Cutting of Nigeria, Libya's Oil Output

The international oil body has decided to leave the oil output until December 2018, with a review at their next meeting in June 2018. "Clearly, there is a continuing obligation to ensure that we do not just flood the market because of the exemptions we were given", Nigeria's Minister of State for Petroleum Resources Ibe Kachukwu has said.



  • Nigeria:  OPEC Extends Oil Output Cut to 2018

    Leadership, 1 December 2017

    The organization of petroleum exporting countries (OPEC) yesterday agreed to extend its oil-production cuts for Nigeria and Libya to the end of 2018, adding that it would be… Read more »

Photo: Daily News

(file photo).

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