OPEC: Nigeria’s Crude Output shortfall Triggers N1.76tn Revenue Loss Nigeria’s oil sector lost an estimated N1.76tn in potential crude oil revenue due to its failure to meet the production quota set by the Organisation of the Petroleum Exporting Countries from January 2025 to January 2026. Data...

Nigeria’s Oil Output Falls Short of OPEC Quota for Six Months   Nigeria failed to meet its crude oil production quota of 1.5 million barrels per day approved by the Organisation of the Petroleum Exporting Countries (OPEC) in the first month of 2026, extending its streak...

The Organisation of Petroleum Exporting Countries and its allies, (OPEC+) has decided to pause its planned oil supply increases through the first quarter of 2026, maintaining current production levels amid a global market surplus and uncertainty surrounding Venezuelan oil supplies. 

Nigeria recorded one of the strongest month-on-month production gains among Organisation of the Petroleum Exporting Countries members in November 2025, pumping 1.436 million barrels per day, up from 1.401 mbpd in October, according to the December 2025 OPEC Monthly Oil Market Report.

Report Reveals Oil Output Rose by 35,000bpd in November   Nigeria recorded one of the strongest month-on-month production gains among Organisation of the Petroleum Exporting Countries (OPEC) members in November 2025, pumping 1.436 million barrels per day, up from 1.401 mbpd in October, according to the...

OPEC Cautions FG Against Crude Export  The Chairman of the OPEC Board of Governors for 2025 has called on Nigerian oil producers to prioritise domestic refining and value creation instead of exporting raw crude. Speaking on Wednesday at the Nigerian Association of Petroleum Explorationists Pre-Conference Workshop...