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.
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 »
The Organisation of Petroleum Exporting Countries will today debate whether to cap oil output from Nigeria and Libya, which have so far been excluded from supply curbs due to ... Read more »