Business Journal


Buhari: ‘Oil Prices Totally Unacceptable’


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.

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