Last updated on September 11th, 2021 at 02:45 pm
The Organisation of Oil Producing Companies (OPEC), Russia and other allies referred to as OPEC+, yesterday agreed to extend oil production cut till December this year.
Though Minister of State for Petroleum Resources, Timipre Sylva had yesterday insisted that Nigeria has been complying with the quota and would 100 per cent comply to ensure oil market rebound.
The cartel yesterday stressed on the need for countries like Nigeria, Iraq and others to fully comply with cut.
OPEC+ had in April agreed on cutting supply by 9.7 million barrels per day (bpd) during May-June. It will cut 7.7 million bpd from July to December.
(Guardian)
Trade between African and GCC countries stands at $ 121 billion in 2023, double of what it was in 2016.…
Family members struggling after one week after of Cyclone Chido ripped through the French island territory of Mayotte expressed helplessness…
The United Arab Emirates has launched its orphanage project in Ethiopia's Oromia region on the orders of President Sheikh Mohamed…
In just four months, 100 women have been killed, the majority by males they knew including spouses. Prime Cabinet Secretary…
The Ghanaian entertainment industry is in deep mourning following the sudden death of Bright Owusu, better known as C Confion.…
Since the beginning of December more than five hundred people have lost their lives on the nation's highways. Barbara Creecy,…
This website uses cookies.