Nigeria's Oil Chief Sees 'Armada of Demand'

The transcript discusses the current state and future expectations of the oil market, focusing on Nigeria's production capabilities and challenges. It highlights Nigeria's current production levels, the impact of security issues, and the potential for increased quotas. The discussion also covers global oil cuts by OPEC and non-OPEC countries, including Russia and Saudi Arabia, and their limited impact on oil prices. The conversation concludes with insights into market dynamics and future production targets.

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

• $90.00

• $80.00

• $70.00

• $60.00

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

• 1.34 million barrels per day

• 2.5 million barrels per day

• 1.5 million barrels per day

• 2.1 million barrels per day

What is the main reason for Nigeria's production challenges?

• Environmental regulations

• Security issues

• Lack of investment

• Technological limitations

Which countries have recently joined in oil production cuts?

• China and India

• Saudi Arabia and Russia

• Brazil and Mexico

• USA and Canada

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

• 1%

• 3%

• 2%

• 4%