Page 18 - Exporting Countries News Today

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Punch Newspapers Sections ’Femi Asu  the international oil benchmark, Brent crude, surged above $53 per barrel on Tuesday as the Organisation of the Exporting Countries and its allies agreed to hold production steady in the face of new coronavirus lockdowns. Brent, against which Nigeria’s oil is priced, rose by $2.46 to $53.55 per barrel as of 9:30pm Nigerian time on Tuesday. Saudi Arabia, OPEC de facto leader, will make additional, voluntary oil output cuts of one million barrels per day ...

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