•Organisation of the Petroleum Exporting Countries Nigeria’s average daily crude production is still below the 1.5-million-barrel quota set for the country by the Organisation of the Petroleum Exporting Countries. According to the OPEC Monthly Oil Market Report released in April, Nigeria’s crude production in March was 1.38 mbpd. While there w...
Nigeria’s daily average oil production rose by 7.38 percent year-on-year in December 2024 to 1.667 million barrels per day, bpd from 1.552 million bpd, including condensate, recorded over the corresponding period in 2023. The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, in its latest oil production data, however, indicated that on...

