In an interview published Monday by the Financial Times, Nigerian Oil Minister Diezani Alison-Madueke said most members of the Organization of Petroleum Exporting Countries are “very uncomfortable” with the market situation, adding an extraordinary meeting may take place if price volatility continues. Though Nigeria’s oil minister serves as the president of OPEC, it’s unlikely de facto leader Saudi Arabia will follow the lead. A November decision from Saudi Arabia to keep output steady despite the decline in crude oil prices added durability to the bear market for crude oil. When Saudi King Abdullah died in late January, successor King Salman bin Abdulaziz showed no indications he’d change the government’s standing on crude oil policies . Riyadh had defended its position by saying it needed to ensure it was holding its […]