Three OPEC members ignore agreement to cut production

Daily Caller:
Three OPEC member states won’t be complying with the group’s deal to reduce oil production, according to a new survey.

Angola will ignore OPEC’s plans to slash production, while Nigeria and Libya aren’t even bound by the cuts, according to a Bloomberg News survey of analysts, oil companies and ship-tracking data.

Angola increased production by 200,000 barrels a day last month while Nigeria and Libya increased their combined production by 140,000 barrels a day.
Libya and Nigeria are trying to recover from production halts because of internal conflicts by rebel groups.  Angola has also been struggling with a civil war.  To show how out of touch its leaders are with history and reality, it recently named a highway after Fidel Castro who ruined Cuba.


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