OPEC

April 14, (THEWILL) — Nigeria’s crude oil production remained below its quota set by the Organisation of the Petroleum Exporting Countries (OPEC), extending a streak of underperformance to eight consecutive months. According to OPEC’s April Monthly Oil Market Report, the...

March 12, (THEWILL) — Nigeria’s crude oil production fell to 1.31 million barrels per day (bpd) in February 2026, representing a 10.7 percent decline from January’s 1.45 million bpd, according to the latest figures from the Organisation of...

February 12, (THEWILL) — Nigeria has maintained its position as Africa’s largest crude oil producer, with output rising to 1.459 million barrels per day (bpd) in January 2026, according to the latest Monthly Oil Market Report (MOMR) released by...

July 16, (THEWILL) — Nigeria’s oil output on a month-on-month (MoM) basis rose to 1.505 million barrels per day (bpd) in June 2025, data from the Organisation of the Petroleum Exporting Countries (OPEC) Monthly Market Oil Report (MOMR)...

May 13, (THEWILL) – Nigeria’s crude oil production rose to 1.48 million barrels per day (bpd) in April 2025, marking a modest increase from 1.40 million bpd recorded in March, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said...

March 04, (THEWILL) – Oil prices tumbled to a 12-week low on Monday after the Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+, confirmed plans to increase oil production in April. Brent crude dropped...

January 16, (THEWILL) – The Organisation of Petroleum Exporting Countries (OPEC) has highlighted the significant impact of the $20 billion Dangote Refinery on Europe’s oil and gas market. The  Dangote Refinery, owned by Africa’s richest man, Aliko Dan­gote, has been...

December 11, (THEWILL) - Nigeria’s crude oil production, excluding condensate, increased to an average of 1.48 million barrels per day (bpd) in November 2024, representing a 15.3 percent rise compared to the 1.3 million bpd recorded in October, the...

December 11, (THEWILL) - Nigeria’s Ademola Adeyemi-Bero has been appointed as the Chairman of the Board of Governors of the Organisation of Petroleum Exporting Countries for 2025. The announcement was made during the 189th meeting of...

November 13, (THEWILL) - Nigeria’s average daily crude oil production increased marginally to 1.33 million barrels per day in October 2024, the Organisation of Petroleum Exporting Countries said on Tuesday. THEWILL had reported that crude oil production in Nigeria dropped...