Oil price climbed to $92.28 per barrel early Wednesday, but Nigeria would not be maximising the rise as it continues to produce below its Organisation of the Petroleum Exporting Countries’ quota.
Brent Crude was sold for $91 on Tuesday, but rose on the back of renewed pledge by Saudi Arabia and Russia to further cut their output by 1.3 million barrels until the end of the year.
Data obtained from OPEC showed Nigeria’s oil production for August rose to 1.1 million…
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