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Latest News

Nigeria will boost crude oil output if OPEC asks

Brent crude for April was down slightly on Tuesday at below $115 a barrel.

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March 8, 2011 12:08 by



Nigeria would increase its crude oil production if producer group OPEC requested higher output to cool soaring oil prices, state oil company NNPC said on Tuesday.

“We will do whatever OPEC asks its members to do. Whatever is needed under OPEC directives,” NNPC spokesman Levi Ajuonoma said. He said Nigeria had the spare capacity to increase its production if needed but did not state by how much.

Brent crude for April  was down slightly on Tuesday at below $115 a barrel.

(Reporting by Joe Brock; editing by Nick Tattersall and Keiron Henderson)



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