| 09.04.2009 - Nigeria May exports expected to exceed OPEC output target |
| From Guardian.co.uk: Nigeria is unlikely to cut its crude oil production much further, even though it is exceeding its OPEC target, because the country's weakening economy is overwhelmingly reliant on oil revenues. Nigeria is expected to export 1.81 million barrels per day (bpd) in May, according to trade sources, far above its implied production target of 1.67 million bpd set by the Organization of the Petroleum Exporting Countries.....Full Article: Source |