Nigeria’s oil production capped at 1.8m bpd as OPEC extends curbs

The fourteen member Organisation of Petroleum Exporting Countries (OPEC) along with non-OPEC members including Russia have agreed to include Nigeria into a production supply cap deal agreed to rebalance an oversupplied oil market till the end of 2018. Rising from a meeting in Vienna, Austria yesterday, the group agreed to extend cuts by nine months…