President Buhari In Saudi Arabia For Oil Talks

.President Buhari (left) discussing with the Governor of Riyadh Prince, Faisal bin Bandar bin Abdulaziz in Saudi Arabia. –

Nigeria’s President Muhammadu Buhari is in Saudi Arabia for talks with officials likely to be dominated by efforts to stabilise the global oil market.

Oil prices have plunged to their lowest levels in nearly 13 years largely. This is largely blamed on over supply and the Opec refusal to cut production.

The leader of Africa’s largest oil producer is to meet King Salman in Riyadh before travelling to Qatar.

His visit follows last week’s agreement between Saudi Arabia and Russia in Doha to stick to January production levels if others followed.

Poorer Opec members, including Nigeria and Angola, have been hard-hit by the price drop.

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