President Muhammadu Buhari says the current prices of oil in the international market were “totally unacceptable.”
He made the declaration in Doha during a meeting with the Ruler of Qatar
“The current market situation in the oil industry is unsustainable and totally unacceptable,” Buhari was quoted as saying.
He highlighted the importance of co-operation between OPEC members on the issue: “We must co-operate both within and outside our respective organisations to find a common ground to stabilise the market.”
According to Reuters, Venezuela’s oil minister said Qatar, Russia, and Saudi Arabia had agreed to a meeting in mid-March as part of efforts to stabilise oil markets.