Thursday 17 March 2016

OIL SLUMP: NIGERIA, OTHERS TO MEET IN APRIL

Oil producers, including the Organisation of Petroleum Exporting Countries, have supported holding talks next month on a deal to freeze output even if Iran declines to participate, OPEC sources have said, as political pressure to prop up prices increases.
 
Nigeria had in February backed Saudi Arabia and Russia in freezing oil production, while giving Iran and Iraq a way out to regain some of their lost market shares due to sanctions and war.
 

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