Oil Deal Must Work for the Good of All – Minister

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Kachikwu targeted an oil price of around $60 a barrel moving forwards but stressed OPEC could be poised to take further action to rebalance the market next summer.

“I think this is just the beginning of the momentum itself, (the deal agreed) in Vienna wasn’t just a one off.

“In six months’ time when (this OPEC deal) will be due for another review, if we feel that the market hasn’t balanced enough, more cuts might be coming,” he concluded.

Source: citibusinessnews.com

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