Libya and Nigeria boost oil production by a combined 19% Angolan losses not enough to offset output gains elsewhere The OPEC countries claiming exemption from a deal to limit oil production increased output by almost half a million barrels last month, potentially jeopardizing the group’s agreement unless other members deepen their own cuts. Libya, Nigeria and Iran — granted special status after OPEC members reached a supply deal Sept. 28 in Algiers — pumped an extra 400,000 barrels a day in October while Iraq, also demanding an exemption, added 50,000 barrels a day, according to a Bloomberg News survey of analysts, oil companies and ship-tracking data. The Organization of Petroleum Exporting Countries plans to trim output to a range of 32.5 million to 33 million barrels a day to balance a market still swamped by surplus oil. The group pumped a record 34.02 million barrels a day in October, […]