So says the Nigerian oil minister

Reuters reporting

  • even current prices create the need for a meeting
  • objective of meeting would be to review policy and see if there is a need to change strategy

Brent crude and WTI both $30.44 near session lows but finding some support on these comments in nervous markets. USDCAD falling as I type.

OPEC have resisted previous calls for emergency meetings as the oil price tumbles so we'll wait and see if they have any desire to do so now

Expect further comments on this as oil continues to fall