... Brent hits four-year low Nigeria, Africa’s largest oil producer, has been left out of a new output increase arrangement by eight members of the Organisation of the Petroleum Exporting Countries (OPEC), sparking concerns over the nation’s capacity to meet its budget target and mounting financial obligations. A production table released by OPEC+ showed eight global oil-producing countries agreed to accelerate oil production hikes for a second consecutive month, raising output in June by 411,000 barrels per day
... Brent hits four-year low Nigeria, Africa’s largest oil producer, has been left out of a new output increase arrangement by eight members of the Organisation of the Petroleum Exporting Countries (OPEC), sparking concerns over the nation’s capacity to meet its budget target and mounting financial obligations. A production table released by OPEC+ showed eight global oil-producing countries agreed to accelerate oil production hikes for a second consecutive month, raising output in June by 411,000 barrels per day