| Nigeria cut the price of every type of crude it sells in an effort to regain share of the global oil market at a time when there’s a “huge” glut of cargoes.
Nigeria National Petroleum Corp. lowered by at least $1 a barrel its official selling prices, or OSPs, for 20 out of 26 oil grades monitored by Bloomberg, according to pricing lists. Qua Iboe, Nigeria’s largest export crude under normal circumstances, was reduced by the most since 2014...........................................Full Article: Source
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