Following the cancellation of OPEC+ talks, oil prices are rising to levels not seen since 2018, raising predictions that supplies will tighten further just as global fuel consumption recovers from a COVID-19-induced downturn. While the price increase is a godsend for Nigeria and other exporters suffering from income shortfalls...for further reading, click on https://businessday.ng/energy/oilandgas/article/oil-prices-extend-gains-after-opec-talks-called-off/
Source: BusinessDay Newspaper Jun 6, 2021