Oil Market: Global demand to grow by 6 mb/d in 2021 ― OPECBy Udeme Akpan

THE Organisation of Petroleum Exporting Countries, OPEC, and non-OPEC Ministers, Sunday, increased Nigeria’s oil output to 1.829 million barrels per day, mb/d.

The decision was taken at the just-concluded 19th OPEC and non-OPEC Ministerial Meeting, ONOMM, held via videoconference and monitored by Vanguard.

The new quota, which showed an increase of 30.6 per cent, when compared to the 1.4 mb/d, excluding condensate, currently being produced by Nigeria, will take effect from 2022.

Details later:

Vanguard News Nigeria

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