Nigeria agree to cap oil output at 1.8mln bpd – Kuwait minister says

Federal government of Nigeria according to Kuwaiti Oil Minister Essam al-Marzouq on Monday said that Nigeria would voluntarily cap its oil output at 1.8 million barrels per day (bpd) once it reaches that level.

Confirming the development, OPEC Secretary-General Mohammad Barkindo said on Monday Nigeria has no intention of going beyond its oil production target of 1.8 million barrels per day (bpd) until the end of March 2018.
He also said Libya has an output target of 1.25 million bpd by December, but it remains a target given the challenges the country faces.