Mr Barkindo noted that the inspirational leadership, visionary courage and diplomatic judgment of president Buhari was instrumental to bringing together OPEC and non-OPEC member countries and reaching consensus.
Commenting on the global economy, he said the forecast indicated that it would shrink by 4.3 per cent in 2020; all OECD economies are forecast to see a contraction, and all countries in Africa are anticipated to see a drop in GDP too.
He said starting from January 2021, participating countries will adjust production by 500,000 tb/d from 7.7 mb/d to 7.2 mb/d.
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