Following the depreciation of several oil dependent nations' economy, Group Managing Director of Nigeria's state oil company, Ibe Kachikwu, has joined other concerned nations to call for an emergency OPEC meeting.
"There is a lot of energy around trying to meet earlier. Obviously, some of that is a panic reaction. Do we just sit back and watch or do we put more efforts in talking to countries, like Russia, to try to get some consensus of what we need to be doing?" he said at the World Economic Forum in Davos.
However, other prominent OPEC members, such as Iran, disagree with the premise of an emergency meeting. Bijan Zanganeh, Iran's oil minister, stated that the organization currently has little intention of making a drastic change.
"There should be an intention to make a firm decision in such a meeting; otherwise, the meeting will have negative impacts on world oil markets. The important thing is that there must be an intention for change, but we have not yet received such a signal," the oil minister said according to Reuters.

www.nigerianbulletin.com/threads/oil-crash-iran-reacts-to-nigerias-call-for-emergency-opec-meeting.169777/

Good One. Sai Baba wants to make history by stabilizing Oil Price....

One campaign promise on the verge of being fulfilled.

Next will be $1=N1

Sai Baba!!!

great664:
Good One. Sai Baba wants to make history by stabilizing Oil Price....

One campaign promise on the verge of being fulfilled.

Next will be $1=N1

Sai Baba!!!

Guy you dea hail Baba ni Abi you dea mock am!!!
Me I no understand you ooh,,,
Before dea come hang you

...

Even if OPEC cuts output Nigeria stands to gain little because a lot of buyers are running away from us.

dwizy:
...

How market