This is no time for OPEC+ to cut production and if I were in charge I would maintain production levels as they currently stand.
There is reason for Nigerians to worry and it is not only the arrival of COVID-19. Oil price benchmarks are in freefall, crashing through resistance levels as if they were none existent. This week has seen Oil fall to its lowest price levels since July 2017 and barring a miraculous cure for the COVID-19, it is difficult to see what an OPEC+ are able to do to arrest this downward spiral. We may see Brent below $45 as Libya gets back on stream.