Nigeria sees oil prices easing in coming months

Nigeria’s oil minister said on Sunday global oil prices were expected to ease slightly in the coming months and that OPEC members did not consider their current level damaging to the world economy.

“It is expected there will be a slight, gradual reduction in global crude prices over the next few months. It very much depends on the global situation,” Oil Minister Deziani Allison-Madueke told Reuters.

“None of the OPEC countries have considered it (current oil price) damaging. Over the next six months, we will all be watching the price and supply situation very closely,” she said.
Source: Reuters