Oil Output: Saudi, Nigeria hold joint media briefing

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Saudi Arabia energy minister Khalid al-Falih and Nigeria's petroleum minister Ibe Kachikwu hold a joint press meeting in Abuja on Wednesday
Saudi Arabia energy minister Khalid al-Falih and Nigeria's petroleum minister Ibe Kachikwu hold a joint press meeting in Abuja on Wednesday
Saudi Arabia energy minister Khalid al-Falih and Nigeria's petroleum minister Ibe Kachikwu hold a joint press meeting in Abuja on Wednesday
Saudi Arabia energy minister Khalid al-Falih and Nigeria’s petroleum minister Ibe Kachikwu hold a joint press meeting in Abuja on Wednesday

Saudi Arabian Energy Minister Khalid al-Falih will hold a joint media briefing with Nigerian petroleum minister Emmanuel Ibe Kachikwu on Wednesday at 0900 GMT, a Nigerian oil ministry official said.

He said the briefing would be held following talks between the two ministers in Abuja. He gave no further details.

Falih said earlier in November that abundant supply of oil may require OPEC and its allies to take steps to reduce output in 2019.

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Deal of the day

The group will meet next week in Vienna to discuss output policies.

Nigeria has been excluded from the previous round of production cuts, which began in 2017, due to steep production declines because of unrest. The country’s production has recovered since then.