Nigeria, which has pumped above its OPEC quota for months to the ire of other members, brought down its crude oil production in November to fully comply with its cap, the country’s oil ministry said Sunday. OPEC earlier this summer quietly reset Nigeria’s quota to 1.77 million b/d, up from 1.69 million b/d previously, which it had not met since March. “Nigeria’s compliance level has witnessed tremendous progress, month by month, since last August, resulting in 100% compliance in November 2019,” the ministry said in a statement. Nigeria, Africa’s largest producer, has been under pressure by Saudi Arabia and other OPEC members to improve its compliance to help speed the bloc’s market rebalancing efforts. OPEC and 10 non-OPEC allies are in the midst of a 1.2 million b/d production cut agreement. Nigerian oil minister Timipre Sylva held a teleconference with Saudi counterpart Prince Abdulaziz bin Salman, who […]