Tag: Oil hits $57 as NNPC reiterates commitment to output cut

  • Oil hits $57 as NNPC reiterates commitment to output cut

    Oil hits $57 as NNPC reiterates commitment to output cut

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    by

    Starnews NG
    in

    BRENT crude on Wednesday rose above $57 a barrel for the first time in almost a year thanks to Saudi Arabia’s decision to cut an additional one million bpd in production in February and March as the collective non-member countries of the Organisation of Petroleum Exporting Countries’ (OPEC+) effort to control prices appeared to not…