Nigeria’s OilMin: OPEC agree that oil at mid-$60 levels is the right price

Reuters is out with the latest comments from the Nigerian Oil Minister, as he speaks to reporters ahead of the much-awaited OPEC and non-OPEC meeting.

Key Points:

OPEC agree that oil at mid-$60 levels is the right price.

Hoping to build a consensus on output decision today.

It will be a big challenge.

The real effect of output deal will be around 700k bpd increase.