The OPEC cartel desires to take action to stabilise the oil market because crude prices have fallen “definitely unacceptable” degrees, President Muhammadu Buhari said on Sunday.
“The modern marketplace situation inside the oil enterprise is unsustainable and totally unacceptable,” Buhari told Qatar’s ruler for the duration of a assembly in Doha, his office said in a announcement. Buhari also highlighted the need for cooperation among OPEC and non-OPEC manufacturers, reviews Reuters. “We have to cooperate both within and outside our respective corporatiaons to find a commonplace floor to stabilise the market,” he stated.