Nigerian actions confirm it will not cap its oil output
OPEC has released this month’s Monthly Oil Market Report, outlining the cartel’s assessment of the state of the international oil industry.

The cartel increased production in December, partially reversing the significant decline seen last month. Total OPEC production grew by 42.4 MBOPD in December, compared to a drop of 116 MBOPD in November.
3 OPEC members deliver large production increases
Three countries saw large increases in oil output, Algeria, Angola and Nigeria, which added a...


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