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Uncertainty as OPEC may cut 500,000bpd

There are indications that Organisation of Petroleum Exporting Countries (OPEC), and  `its allies, especially Russia, will further cut oil supply by 500,000 barrels per day (bpd), a situation that would worsen economic realities in Nigeria. In the proposed Nigeria’s 2020 budget is predicated on 2.18 million bpd at a price of $57 per barrel, while…

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Uncertainty as OPEC may cut 500,000bpd

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