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Nigeria Crude Oil Output Reaches 15-Month Peak, Exceeding OPEC+ Quota

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Nigeria Crude Oil Output Reaches 15-Month Peak, Exceeding OPEC+ Quota

Nigeria's crude oil production surged to its highest level in 15 months in May, reaching 1.53 million barrels per day. This output marks a significant achievement as the nation now produces at its OPEC+ ceiling, a feat not seen in years.

June 12, 2026Published 2 hours ago