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 during May-June. It will cut 7.7 million bpd from July to December.
It's a good development for the market, Nigeria has been complying, only need to improve on it.
Is that what OPEC stand for?
Countries or Companies? Guardian na wa oh!
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