Nigeria surpasses OPEC target for second consecutive month, hits 1.5 million bpd in July 2025
Nigeria’s average daily crude oil production rose to 1.507 million barrels per day (bpd) in July 2025, surpassing the Organization ...
Tag: OPEC quota
Nigerian crude stable as Trump accuses India of buying Russian crude
Nigerian crude remained steady at $73 after a three-day decline, as concerns grew over Russian supply risks, further intensified by ...
OPEC+ plans new supply surge as Nigeria braces for oil price, revenue volatility
Oil traders widely expect the Organization of the Petroleum Exporting Countries and its allies (OPEC+) to approve another significant oil ...
OPEC+ output falls short in May as members cut oil to offset quota breaches
Key OPEC+ nations added less oil to the market last month than the headline figure of its output plan, as ...
Naira faces U.S dollar resurgence amid Nigeria’s oil production boost
The Nigerian currency oscillated between the N1620-25/$ support line in the unofficial market amid the resurgence of the dollar in ...
Nigeria’s crude oil output falls by 4.37% in March, below OPEC’s quota – Report
The Organization of Petroleum Exporting Countries (OPEC) has reported a decline in Nigeria’s oil production following its April Monthly Oil ...
Nigeria to boost oil production as it adds new 50,000 bpd crude oil terminal – Report
Nigeria is set to boost its crude oil production with the launch of a new terminal, Utapate, in the Niger Delta ...
NNPCL resumes production of crude oil in Awoba Field for the first time since 2021
The Nigerian National Petroleum Company Limited (NNPC Ltd.) and its Joint Venture partner in the Awoba Unit Field, Newcross Exploration ...
