Tag: #OPEC
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NIGERIA EXCEEDS OPEC OIL PRODUCTION QUOTA AS OUTPUT HITS 74-MONTH HIGH
Nigeria’s crude oil and condensate production rose to an average of 1.735 million barrels per day (bpd) in June 2026, marking the fourth consecutive month of growth and pushing the country above its Organisation of the Petroleum Exporting Countries (OPEC) production quota. Data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) showed that crude…
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NIGERIA EXCEEDS OPEC QUOTA AS PRODUCTION HITS 11-MONTH HIGH
Nigeria’s crude oil production has surged to an 11-month high in May, 2026, with the country exceeding its Organisation of the Petroleum Exporting Countries (OPEC) production quota. The average crude oil production recorded during the month of May represents 102 per cent of Nigeria’s 1.5 mbpd of production quota allocated by the OPEC. The production…
