Iran says OPEC action on output cuts must address Libya, Nigeria

Iran says OPEC action on output cuts must address Libya, Nigeria

OPEC’s commitment to cutting production to clear a global glut is working, but the group needs to address rising output from Libya and Nigeria, Iran’s Oil Minister Bijan Namdar Zanganeh said.   Compliance with the output cuts is “acceptable,” Zanganeh told reporters in Tehran. The Organisation of Petroleum Exporting Countries should focus on “the situation…

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