Nigeria's Crude Oil Output Falls Below OPEC Quota Again

Nigeria's crude oil production has missed the OPEC quota for the eighth consecutive month, as reported in the monthly oil market report released in April. In March, Nigeria's crude output was recorded at 1.38 million barrels per day (mbpd), which is a 69,000 bpd increase from February's 1.31 mbpd, but still 117,000 bpd below the OPEC quota.

The country has struggled to meet its OPEC allocation since July 2025, with production fluctuating throughout the year. Despite a brief recovery in January 2025, when production rose to 1.54 mbpd, output fell again in February and March, marking the widest shortfall of the year.

The Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission noted that while crude production is expected to recover, it has not yet met OPEC targets, adversely affecting domestic refinery operations. The Nigerian National Petroleum Company has begun securing crude oil supplies to support domestic refining operations amidst these challenges.