Nigeria has recorded its highest crude oil production in 11 months, hitting 1.70 million barrels per day in May 2026. According to data released recently by the Nigerian Upstream Petroleum Regulatory Commission…
Tag: OPEC+
Nigeria’s Oil Output Surges 4%, Hits OPEC Quota
Nigeria’s oil output, including condensate, increased month-on-month (MoM) by 4 per cent to 1.737 million bpd in January 2025, from 1.667 million bpd recorded in the preceding month of December 2024. …
Nigeria’s Rising Oil Output Falls Short of OPEC Quota Despite Reforms
Nigeria’s daily average oil production rose by 7.38 percent year-on-year in December 2024 to 1.667 million barrels per day, bpd from 1.552 million bpd, including condensate, recorded over the corresponding period in…
OPEC: Angola, Libya overtake Nigeria in crude production
Nigeria’s oil production plunged to 972,000 barrels per day in August 2022, as Angola and Libya overtook Nigeria by producing higher volumes of crude during the review month, the Organisation of Petroleum…
Oil price falls, OPEC raises Nigeria’s production quota— Report
The Organisation of Petroleum Exporting Countries on Wednesday raised Nigeria’s crude oil production quota for September 2022 to 1.83 million barrels per day, as Brent, the global benchmark for crude, dropped in…
Nigeria, Iraq claim OPEC not need to boost oil production significantly
There is no need for the Organisation of Petroleum Exporting Countries to be more aggressive in its production of crude oil, energy ministers of Nigeria and Iraq have said. Bloomberg reported…
OPEC+ snubs Biden’s call for bigger oil output, Nigeria thumbs
Nigeria joined the Organisation of Petroleum Exporting Countries and its allies (OPEC+) to rebuff pressures from the United States government to ramp up the global oil supply. On Thursday, OPEC+…