Oil Cuts: Nigeria, Others Under Pressure, OPEC+ Meets     Nigeria and other countries that have been exceeding their oil production quotas came under fresh pressure on Wednesday as the Organisation of Petroleum Exporting Countries and its allies met to review compliance with the output cuts meant...

417,000bpd Oil Cut’ll Deepen Nigeria’s Recession - Fitch   A global credit ratings agency, Fitch Ratings, has said Nigeria’s compliance with the oil production cut deal led by the Organisation of Petroleum Exporting Countries will lead to deeper economic contraction and fiscal deficits. It also said the...

Despite Price Cut, 60 Nigerian Oil Cargoes Remain Unsold   A total of 60 Nigerian crude oil cargoes have not been sold despite the reduction of the official selling prices by the Nigerian National Petroleum Corporation. A glut of Nigerian and Angolan crude weighed on the market...