nigeria oil production

The Digest: Nigeria’s oil production fell for another consecutive month in December, dipping below its OPEC quota and budget benchmark, a persistent decline that underscores the structural and security challenges weighing on the nation’s primary revenue source. Key Points: Nigeria’s oil...

The Digest: Nigeria's crude oil production increased marginally to 1.436 million barrels per day (bpd) in November, up from 1.401 million bpd in October. However, the nation failed to meet its OPEC production quota for the fourth consecutive month, last achieving the target in July 2025. Key...