Nigeria to cut oil production
ABUJA, April 12 (NNN-AFRICANEWS) — Nigeria will cut its oil production by 1.9 million barrels per day, reducing 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.
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