Nigeria's Kachikwu: Oil Reaches Mid-$60s in Months

The transcript discusses the complexities of predicting oil prices, highlighting the roles of OPEC and non-OPEC producers, particularly in the context of U.S. shale oil production. It examines Nigeria's oil production challenges, including security issues in the Niger Delta, and the country's exemption from OPEC cuts. The global oil market dynamics are explored, with a focus on key buyers like India and China. The discussion also covers the break-even points for shale producers and the impact of technological advancements on production costs. Investment risks in the oil sector are also addressed.

What role does militancy play in Nigeria's oil production?

How do global markets, particularly in Asia, view Nigeria's oil?

What is the expected break-even point for shale producers in the U.S.?