Oil Reduction

  • OPEC+ Decisions Could Curb Oil Supply by 20%

    OPEC+ Decisions Could Curb Oil Supply by 20%

    Monday, 13th April 2020

    The Organization of the Petroleum Exporting Countries and its allies (OPEC+) announced yesterday to cut oil production by 10 million barrels per day (mmbbl/d) effectively from May 1 through June 30, curbing global oil supply by 20%.

  • Nigeria Mulls Extending Exemption from OPEC Deal

    Nigeria Mulls Extending Exemption from OPEC Deal

    Sunday, 7th May 2017
    Nigeria’s exclusion was due to the production challenges that the country was facing after the militant attacks on the country's oil facilities.