OPEC is trying to persuade Libya and Nigeria to join cuts if the cartel agrees to reduce production, delegates told S&P Global Platts , while the OPEC and non-OPEC leaders of the deal, Saudi Arabia and Russia, are still discussing how much to cut and how to share these cuts out. Libya and Nigeria, exempted from the deal forged in November 2016 because of violence that had severely disrupted their respective production, have recovered their output and have been raising production in recent months. The two countries are seen reluctant to cut because of a still fragile security situation, but this time around, the other OPEC members may not listen to any excuses and are urging the two African members to join a possible cut. Following severe production and export disruptions in the early summer, Libya’s oil production has been steadily rising over the past three months. As of […]