Tokyo/Hong Kong — Oil prices made small gains early on Monday, buoyed by expectation that a meeting on production would address rising output in Nigeria and Libya. The gains held even as it became clear production caps for those two countries would not be on the agenda. Ministers from the Organisation of the Petroleum Exporting Countries and some non-Opec producers will gather in the Russian city of St Petersburg later on Monday to discuss the pact to curb output by 1.8-million barrels a day to the end of March 2018. There was hope that the meeting would discuss output caps for Nigeria and Libya, the two Opec members so far exempt from a push to cut production. Russian Energy Minister Alexander Novak said Libya and Nigeria should cap output when their output stabilised, the Financial Times reported. But both countries said they would need to keep pumping at a higher level before they could join the global effort to stem a supply glut, according to two people familiar with the planne...
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