Nigeria will cut its oil production by 1.9 million barrels per day. This will reduce its daily crude oil production to 1.412 million barrels.
Abuja is hoping for a $15 rebound in the price per barrel in the short term. This rebound that could bring at least 2.8 billion dollars to the country, according to its oil minister.
The decision comes after a historic agreement reached by OPEC members on Thursday.
The latter agreed on a reduction in May and June of the world production up to 10 mill…
READ MORE : http://www.africanews.com/2020/04/10/nigeria-to-cut-oil-production
Africanews on YouTube brings you a daily dose of news, produced and realised in Africa, by and for Africans.
Africanews is the first pan-African multilingual media outlet, unique in its concept and vision.
Subscribe on our Youtube channel https://www.youtube.com/c/africanews and receive all the latest news from the continent.