OPEC Fails To Reach Deal on Oil Production Ceiling

The Organization of the Petroleum Exporting Countries (OPEC) on Thursday broke off its meeting without reaching any new agreements on oil production, continuing a hands-off policy that members say is gradually bringing supply and demand back into balance and boosting prices.

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Nigeria’s oil minister say the OPEC meeting discussed an oil production ceiling but decided against it, as the market is effective.

The infamous magician minister
The infamous magician minister

OPEC has long decided it’s not going to be a swing producer, he added.

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Daniel Enisan is a content writer at edliner.com. With a degree in mass communication, Daniel is a full breed journalist. Daniel is a realist, loves the use of sarcasm, a movie and music junkie. He is also a poet and a good listener.

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