Africa: OPEC Meets Today to Take Crucial Decision That'll Affect Nigeria, Libya

30 November 2017

Nigeria may have to amend its 2018 budget proposals following reported moves by the Organisation of Petroleum Exporting Countries, OPEC, to cap the country's oil output at 1.8 million barrels per day.

Reuters reported that OPEC will debate whether to cap oil output from Nigeria and Libya, which have so far been excluded from supply cuts since the plan was put in place in 2016.

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