Oil
Nigeria Hits OPEC Oil Production Quota for Sixth Straight Month
CEII brief
OilPrice.com reported on 12 Nov 2026: Nigeria Hits OPEC Oil Production Quota for Sixth Straight Month.
Read the full story on OilPrice.comNigeria’s crude oil output averaged 1.51 million barrels per day (bpd) in October as OPEC’s biggest African producer pumped to its quota for the sixth consecutive month, data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) showed this week.
Context from CEII
Crude benchmarks move budgets, currencies and inflation in producer and importer countries alike. For economies such as Nigeria, where fuels dominate exports, production and refining decisions move the whole economy.
85.9% of Nigeria’s merchandise exports were fuels in 2025Countries in this story
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