World energy powers embarked on a new level of dialogue to rein in runaway oil prices at an emergency meeting in the Red Sea city of Jeddah on Sunday.
A string of deals with foreign firms to plug financing gaps in Nigeria’s oil industry will help unlock significant shut-in potential in the world’s eighth biggest exporter. Nigeria has signed deals worth -billion with Exxon Mobil and Total over the past week and is finalising a similar agreement with Royal Dutch Shell.