Highlights Eyes around 500,000 b/d in increase in next two months OPEC may not raise output quotas at August meeting Nigeria is increasing crude oil production and has set a target of August this year to meet its OPEC-assigned output quota, the country’s oil minister Timipre Sylva said June 24. Sylva also said the organization may not increase output quotas when it meets in August given that OPEC members facing tight production capacity. Nigerian crude oil output has plunged to new lows in recent weeks, hit by pipeline closures and maintenance at major fields. The country has also struggled to meet its OPEC quota of 1.799 million b/d all through this year because of security challenges in the main oil-producing Niger Delta region. Sylva said at a media briefing that Nigeria is working with producers […]