Nigeria Will Boost Compliance with OPEC+ Cuts — SPA
DUBAI (Reuters) — Nigeria's oil minister said his country will raise its compliance with OPEC+ oil cuts to 100% and will compensate for its overproduction in May and June, during the period of July-September, according to a report by Saudi state news agency SPA.
Nigeria's Timipre Sylva, in a phone call with his Saudi counterpart, discussed the global oil markets, improvement in oil demand, and the progress made towards the full implementation of the OPEC+ pact, according to SPA.
Saudi energy minister Prince Abdulaziz bin Salman, who heads the OPEC+ panel known as the JMMC, which monitors adherence to the cuts, has emphasized the importance for all OPEC+ countries to meet their agreed output targets under the pact to accelerate oil market rebalancing, according to the joint statement.
Related News
Related News
- US to Dominate Midstream Project Starts in North America Through 2025, GlobalData Forecasts
- DIMP-Related Pipe Replacement Work Continues in Full Force US
- Enterprise Products to Buy Navitas for $3.3 Billion to Boost Natural Gas Pipeline Network
- Biden Administration Offers $1 Billion Loan Guarantee for Hydrogen Project
- New York City Bans Natural Gas in New Buildings
- U.S. Will Become Net Importer of Petroleum Products by End of 2020 — EIA
- US Has 'Understanding' With Germany to Shut Nord Stream 2 Pipeline if Russia Invades Ukraine
- Dale Anderson
- Nord Stream 2 Gas Unlikely to Flow if Russia Renews Ukraine Aggression, US Says
- Biden Administration Offers $1 Billion Loan Guarantee for Hydrogen Project
Comments