Nigeria Oil Minister Warns Towards “Sabotage” From U.S. Shale

The Petroleum Minister of Nigeria, Emmanuel Ibe Kachikwu, has warned that OPEC won’t permit U.S. shale drillers to “sabotage” the manufacturing reduce settlement that the cartel prolonged by 9 months final week at their Vienna assembly. The warning didn’t elaborate on what OPEC’s steps can be to fight such acts of “sabotage” by the palms of unbiased US shale producers. The settlement, solidified final week, will hold about 2 % off international provide, however worldwide market response was underwhelming, and Brent…

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