Producer club, OPEC, its allies and Russia have agreed to mildly increase oil supply by 500, 000 barrels per day beginning from January 2021. Expert say the group took a more diplomatic approach in reaching its decision. What does this mean for oil producing economies like Nigeria? Uchenna Minnis, Managing Partner at WST Markets joins CNBC Africa for more.
OPEC+ agrees to ramp up production by 500,000 bpd from January
PUBLISHED: Fri, 04 Dec 2020 11:47:16 GMT