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Russia wants OPEC to limit oil output rises from Libya, Nigeria in near future
Nigeria has also ramped up output in recent months.
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Nigeria has also ramped up output in recent months.
“…I am confident the agreement will be extended into the second half of the year and possibly beyond.”
The biggest adjustment was to Saudi Arabia, whose 10.544 million barrels daily output would be cut by about 486,000 barrels.
Nigeria will not reduce its output as OPEC seeks to stabilize the oil market.