Nigeria, Angola won’t meet OPEC output quotas for at least another year: IEA

Top African oil producers Nigeria and Angola are unlikely to meet current OPEC output quotas for at least another year as persistent underinvestment and maintenance issues have crippled energy facilities, according to the International Energy Agency. Nigeria, the region’s largest producer, has seen production plunge to its lowest level in more than 30 years to 1.23 million b/d in May,…