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OPEC Quota

  • In the NewsMarketsOil & Gas

    Nigeria Falls Short of OPEC Oil Production Target Again Despite Output Increase

    by Oluwatosin Racheal Alabi May 14, 2026
    by Oluwatosin Racheal Alabi May 14, 2026

    KEY POINTS Nigeria has once again failed to meet its crude oil production quota set by the Organization of the Petroleum Exporting Countries, OPEC, after recording an average daily output …

  • Oil & Gas

    Nigeria Hits OPEC Quota with 1.5 Million Barrels Per Day in June

    by Oluwatosin Racheal Alabi July 17, 2025
    by Oluwatosin Racheal Alabi July 17, 2025

    KEY POINTS Nigeria’s crude oil production reached a significant milestone in June 2025, as the country hit its assigned output quota of 1.5 million barrels per day (bpd), according to …

  • In the NewsOil & Gas

    Nigeria Incurs $13.5bn Loss from Oil Production Shortfall in 10 Months

    by Adenike Adeodun November 21, 2023
    by Adenike Adeodun November 21, 2023

    Nigeria has faced a significant setback in its crude oil production, failing to meet its Organisation of Petroleum Exporting Countries (OPEC) quota and resulting in an estimated loss of $13.5 …

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Editors' Picks

Nigeria’s Oil Boom: Record Production in September 2023

Asian refiners buy more US crude as Hormuz stays blocked
Russian share of India’s oil imports hits record high in July

Latest Stories

Asian refiners buy more US crude as Hormuz stays...
Russian share of India’s oil imports hits record high...
Madagascar Imports Diesel Cargo to Ease Energy Crisis

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