Nigeria may face an easier task to finally fall in line with its share of the OPEC+ production cuts after OPEC has recently raised the African producer’s oil output ceiling. OPEC has raised the quota for Nigeria to 1.774 million bpd, three OPEC delegates familiar with the matter told Reuters . Until now, Nigeria’s cap as part of the deal was 1.685 million bpd . According to one of OPEC’s sources, the higher quota given to Nigeria is due to the fact that the cartel had not factored in the newly launched production from the Egina ultra deepwater field which Total started up at the beginning of the year, expecting to pump 200,000 bpd at peak output. Nigeria has argued that production from Egina is not part of the OPEC+ cuts. Africa’s largest oil producer was formally included in the OPEC+ production cuts and compliance tracking this January, after […]