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Oil production cut by 148,000 bpd in March

    ABIDJAN

    Nigeria cut crude oil production by 148,000 barrels per day in March to bring output in line with a new OPEC quota of 1.89 million bpd, Planning Minister Rasheed Gbadamosi said on Monday.

    AFP quoted him as saying the cut had been decided at a meeting of the Organisation of Petroleum Exporting Countries (OPEC) on 23 March and dictated by falling prices. It said that crude prices had risen recently because of the cuts and last week "stood at around US $16 dollars a barrel".

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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