Nigeria has cut the price of every type of crude it sells in an effort to regain the share of the global oil market at a time when there’s a “huge” glut of cargoes. The Nigerian National Petroleum Corporation (NNPC) lowered by at least $1 a barrel its official selling prices (OSPs) for 20 out of 26 oil grades monitored by Bloomberg, according to pricing lists.
Read more: http://www.thisdaylive.com/index.php/2016/10/21/monthly-allocation-drops-by-n90-2bn-fg-states-lgs-share-n420bn/
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