Browsing Tag
OPEC+
9 posts
Nigerian Oil Production Dips to 1.67 Million Barrels Daily
Nigeria's oil production fell to 1.67 million barrels per day in July due to operational challenges at key fields, while the government explores new crude supply policies for domestic refineries.
Nigeria’s Daily Oil Output Drops to 1.67 Million Barrels in July
Nigeria's daily oil production fell to 1.67 million barrels per day in July, largely due to operational issues at the Erha and Akpo fields.
Nigeria Unaffected as Select OPEC+ Nations Boost Production
Nigeria remains exempt from the latest OPEC+ production increase, allowing the nation to continue its independent strategy for raising oil output within its established quota.
Oil Prices Surge to $79 Amid Rising US-Iran Conflict
Brent crude climbed to $79 per barrel as US-Iran hostilities disrupted markets, while Nigeria hit its highest production levels since 2020.
Nigeria records highest oil production in over six years
Nigeria has reached a 74-month production high of 1.56 million barrels per day, exceeding its OPEC target through improved security and stable operations.
Nigeria Achieves 104% of OPEC Oil Target as Output Reaches 74-Month Peak
Nigeria has reached 104 percent of its OPEC production quota, with crude output hitting a 74-month high of 1.56 million barrels per day in June 2026.
Nigeria Surpasses OPEC Oil Output Target with Six-Year Production Peak
Nigeria has outperformed its OPEC oil production quota for the first time in 74 months, hitting an average of 1.56 million barrels per day in June 2026.
Nigeria records 2.3 percent growth in daily oil output reaching 1.74mbpd
Nigeria has reached a production milestone by exceeding its OPEC quota for two months running, with daily crude and condensate output climbing to 1.74 million barrels in June.
OPEC+ Increases Oil Quotas as Regional Tensions Ease
Seven OPEC+ nations are raising oil production quotas by 188,000 barrels per day beginning in August 2026 as shipping through the Strait of Hormuz recovers.