Members of Organisation of the petroleum exporting countries(OPEC has called for an emergency meeting due to the current market situation.The benchmark for crude oil price further dropped to $31 per barrel.
Nigerian Minister of State for Petroleum Resources,Mr Emmanuel Ibe Kachikwu told reporters that there was a lot of push from various blocs within OPEC for the need of a meeting. Kachikwu added that the meeting which will be coming up around February or March of this year is to review OPEC's position and also come up with some sustainability strategies.
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