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Nigeria was exempted from a deal between 13 OPEC member and 11 non-OPEC countries to cut their oil production in order to boost price. What was the consideration for exempting Nigeria? How long would it last and how would the market absorb the extra volume of oil that would come from the country’s increased output. […]
OPEC’s next challenge is to solidify gains from production cut – Barkindo
Source: Business