Nigeria’s average crude oil production rose slightly to 1.401 million barrels per day (bpd) in October 2025, according to the Organisation of Petroleum Exporting Countries (OPEC) Monthly Oil Market Report released on Wednesday. The figure represents a marginal increase from 1.39 million bpd recorded in September, but remains below the country’s OPEC production quota of…
Nigeria’s average daily crude oil production in June 2025 surpassed the quota set by the Organisation of the Petroleum Exporting Countries (OPEC), marking the second time this year the country has exceeded its assigned limit of 1.5 million barrels per day, first in January and now in June. Data from the Nigerian Upstream Petroleum Regulatory…
The Organization of Petroleum Exporting Countries reports that in May 2024, Nigeria’s crude oil production fell to a historic low of 1.25 million barrels per day. According to Channels Television’s coverage of the OPEC monthly oil market report for June, the nation’s average daily output in May was 1.25 million barrels per day (bpd), a…
