opec output hike

  1. Oil Prices Plunge to $65 as Trade War and OPEC Decisions Take Toll

    Nigeria Oil Prices Plunge to $65 as Trade War and OPEC Decisions Take Toll

    Oil prices fell sharply to $65 per barrel, the lowest since April 2021, due to escalating trade tensions and new tariffs imposed by China on U.S. goods. This drop coincided with OPEC's decision to increase oil output by 411,000 barrels per day, impacting global markets and Nigeria’s budget. Oil...
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