KACHIKWU'S SHUTTLE DIPLOMACY MAY PAY OFF, RUSSIA, S'ARABIA AGREE TO FREEZE OIL OUTPUT
The push by the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, to get major oil producers such as Saudi Arabia and Russia to agree to production cuts in order to shore up oil prices, may pay off following news yesterday that the world’s two largest crude producers have agreed not to increase oil output.
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