Nigeria could start reducing its crude oil production in line with the OPEC-wide output cut agreed last December, President Muhammadu Buhari said as quoted by Nigeria media, speaking to a special envoy of the Saudi king Salman. The country was not this time exempted from the cuts: OPEC assigned it a production cut quota of 2.5 percent of the 1.7 million bpd the West African country was producing when the cut agreement was struck. This amounts to about 40,000 bpd, Energy Minister Emmanuel Ibe Kachikwu said at the time. However, instead of reducing…
