He said Nigeria supports the call by Prince Abdulaziz Bin Salman, Minister of Energy of Saudi Arabia, to address the disconnect between paper and physical oil markets, to ensure true reflection of the existing fundamentals.
“A stable oil market benefits all – consumers, producers and investors alike. It is also a catalyst for global economic growth. “As such, any measure required to ensure the stability of the oil market, whenever it is necessary, will always be comprehensively supported by Nigeria,” the minister said.Sylva said there was need for caution over current extreme volatility in the oil market.
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