Nigeria's Oil Chief Sees 'Armada of Demand'

The transcript discusses the current state of the oil market, focusing on price trends and expectations. It highlights Nigeria's oil production levels, challenges faced, and future quota expectations. The role of OPEC and the impact of global supply cuts on market reactions are also covered.

What is the expected top end price of oil if all production cuts are implemented?

• $90.00

• $70.00

• $60.00

• $80.00

What is Nigeria's current production capacity for crude oil only?

• 1.34 million barrels

• 2.5 million barrels

• 1.5 million barrels

• 2.1 million barrels

What is the main issue affecting Nigeria's oil production capacity?

• Lack of investment

• Security challenges

• Insufficient demand

• High production costs

Which countries have recently joined in oil production cuts?

• USA and Canada

• Brazil and Mexico

• Saudi Arabia and Russia

• China and India

What percentage of the global oil supply has been reduced due to OPEC cuts?

• 2%

• 1%

• 4%

• 3%