OPEC Splits Show at Davos as Nigeria Debates With Saudi Arabia
- Saudi Aramco sees `inevitable' oil rebound after overshooting
- Nigeria says several OPEC members seeking meeting before June
Kachikwu: No OPEC Meet Unless Majority Calls for It
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Less than two months after OPEC nations sparred over oil policy in Vienna, they resumed the debate at Davos.
Nigeria’s oil minister, speaking on a panel at the World Economic Forum in the Swiss resort, said the Organization of Petroleum Exporting Countries needs to meet soon as crashing prices force the group to reconsider its current laissez-faire policy. Saudi Arabia, represented by the chairman of its national oil company, said the kingdom won’t reverse course unless non-OPEC nations play their part in production cuts.