FDC COMMODITY UPDATE – FEBRUARY 06, 2020

Dear Subscriber,

OPEC’s Technical Committee has deliberated on the best response of the impact of Coronavirus on global oil markets. However, the Committee is trying to convince the Russians to support their recommendation of deeper production cuts. The outcome of this meeting could send oil prices back above $60pb in the days ahead.

At a time of lower oil production and falling external reserves, Nigeria needs whatever boost it can find.

In this slides, these issues were discussed by analysts at the FDC Think Tank on Channels TV Business Morning programme yesterday.

Enjoy your read!