Yes, there is less supply in Nigeria but that is not enough to cut into oversupply.
Yes, there is less supply in Nigeria, but that is not enough to cut into oversupply.
There are indications that OPEC will not cut output.
Typically second quarter demand for crude usually declines so if OPEC doesn't cut supplies, it will add to the already bearish fundamentals.
Typically, second-quarter demand for crude usually declines, so if OPEC doesn't cut supplies, it will add to the already bearish fundamentals.