OPEC: Nigeria's Crude Oil Production Shrink To 1.46m bpd in February The Organization of Petroleum Exporting Countries (OPEC) says Nigeria’s average daily crude oil production shrunk to 1.46 million barrels per day (bpd) in February.
In its latest monthly market report, released on Wednesday, OPEC reported the production data was based on direct communication with Nigerian authorities.
OPEC receives data on crude oil production from two sources: direct communication from member countries, and secondary communication ( data from energy intelligence platforms).
According to the report, the current output signifies a 4.8 percent abridgment from the 1.53 million bpd recorded in January — the leading month-on-month output shortening in the year.
The oil cartel reported data from secondary sources put Nigeria’s crude production at 1.56 million bpd in February — a 2.2 percent enlargement from the 1.52 million bpd recorded in January.
With the current production volume, the global oil body reported Nigeria retained its position as the biggest oil producer in Africa, with Algeria taking second position, producing 912,000 bpd output.
OPEC reported secondary sources revealed a “total OPEC-12 crude oil production averaged 363 tb/d in February, m-o-m, averaging about 41.01 mb/d”.
“Crude oil output enlarged glaringly in Nigeria, Iraq and IR Iran, while in Gabon and Congo production decreased,” OPEC said.
“At the same time, total non-OPEC DoC crude oil production averaged 14.15 mb/d in February 2025 and averaged 2088 tb/d lower, m-o-m.
“Crude oil output augmented famously in Kazakhstan, while production in Mexico, Malaysia and Russia decreased.”
On March 3, OPEC and its allies (OPEC+) declared their decision to augment oil output in April.
Category: World-News
Tag: OPEC Nigerias Crude Oil Production Shrink To 146m bpd in February
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Published 3/12/2025