Wednesday, 24 December 2014

NIGERIA OIL EXPORTS TO DIP IN FEBRUARY

NIGERIA OIL EXPORTS TO DIP IN FEBRUARYNigerian crude oil exports in February are set to fall to around 1.87 million barrels per day (bpd) from around 2.03 million bpd in January, shipping lists showed on Tuesday.

This is just as the Kingdom of Saudi Arabia, the swing oil producer, has maintained that the Organisation of Petroleum Exporting Countries (OPEC) will not cut production even if the price of oil drops to $20 a barrel, adding that it will be unfair to expect the cartel to reduce output if non-members do not.

Read more @ Thiday Live

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