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OPEC to debate capping Nigerian, Libyan oil output - sources
November 29, 2017 / 11:43 AM / 15 days ago

OPEC to debate capping Nigerian, Libyan oil output - sources

VIENNA (Reuters) - OPEC will debate this week whether to cap oil output from Nigeria and Libya, which have so far been excluded from supply curbs due to falling production amid unrest, two sources with knowledge of the matter said on Wednesday.

The logo of the Organization of the Petroleum Exporting Countries (OPEC) is pictured at its headquarters in Vienna, Austria September 21, 2017. REUTERS/Leonhard Foeger

The 14-member Organization of the Petroleum Exporting Countries meets on Thursday to decide whether to extend production cuts until the end of 2018.

The sources said the idea was to cap Nigerian output at 1.8 million barrels per day and Libyan at 1 million bpd.

Reporting by OPEC team; Editing by Dale Hudson

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