Nigeria Urges Firms to Boost Oil Output to OPEC Quota

Nigeria’s government is urging the oil companies operating in the country to collaborate to increase oil output in the producer that hasn’t been able to pump to its OPEC quota for years. Nigeria’s crude oil production averaged 1.4 million barrels per day (bpd) in the first quarter of the year, well below the 1.8 million bpd quota in OPEC, Ekperikpe Ekpo, Nigerian Minister of State for Gas, said at a local industry conference. “Production growth…hinges on optimising our existing resources and exploring new frontiers,”…