Nigeria’s Minister of State for Petroleum, Timipre Sylva, made this known in a statement on Sunday.
The minister said oil exporters taking part in the global output deal between OPEC and its allies were showing serious commitment to the cuts. The Saudi minister had emphasized that “in a way, the market is in a state of schizophrenia, and this is creating a type of yo-yo market, sending erroneous signals at times when greater visibility and clarity and well-functioning markets are needed more than ever to allow market participants to efficiently hedge and manage the huge risks and uncertainties they face.
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stability is for the world's good.