ADVERTISEMENT
  • Africa
  • World
  • Our Shows
    • Entrepreneurship
    • Destination Business
    • 101business TV Show
Business 360 News
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly
No Result
View All Result
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly
No Result
View All Result
Business 360 News
No Result
View All Result
Home Economy

Nigeria Posts Strongest Monthly Output Gain in Months as Production Hits 1.436mbpd in November

Victoria Emeto by Victoria Emeto
December 12, 2025
in Economy, Energy
0
Nigeria Sustains Oil Output Above OPEC Quota for Second Month

Nigeria recorded one of the strongest month-on-month crude oil production increases among members of the Organisation of the Petroleum Exporting Countries (OPEC) in November 2025, pumping 1.436 million barrels per day (mbpd), up from 1.401 mbpd in October. The figures, contained in the December 2025 OPEC Monthly Oil Market Report, were based on direct communication between member countries and the organisation.

The 35,000-barrel increase represents Nigeria’s most significant production rise in recent months and reflects gradual progress in upstream security, asset optimisation, and stabilisation across major crude terminals. Despite the improvement, Nigeria remains below its allotted OPEC quota of 1.5 mbpd, marking the fourth consecutive month it has fallen short of the target since last meeting its threshold in July 2025.

Production levels had weakened sharply in August and September due to maintenance shutdowns and industrial disruptions. Output edged upward again in October and November, underscoring Nigeria’s continuing struggle to fully restore production and meet its allotted quota.

The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, recently reiterated Nigeria’s position that its current quota no longer reflects its actual capacity. He disclosed that Nigeria would push for a higher production target of at least two million barrels per day, arguing that the 1.5 mbpd cap underestimates the country’s recoverable potential. His comment came amid fluctuations that saw Nigeria’s production fall from over 1.5 mbpd in July to 1.39 mbpd in September.

OPEC’s report showed that, despite Nigeria’s growth, the group’s overall crude output remained broadly stable, rising by only 39,000 bpd to reach 25.17 mbpd in November. Saudi Arabia recorded the largest absolute rise, adding 48,000 bpd to produce 10.05 mbpd, as it maintained the bulk of the group’s voluntary supply adjustments.

Libya continued its recovery, adding 14,000 bpd to reach 1.365 mbpd despite ongoing domestic challenges. Kuwait and the UAE also saw modest increases of 10,000 bpd and 8,000 bpd respectively, while Venezuela added 10,000 bpd to reach 1.142 mbpd, supported by incremental operational improvements.

Conversely, Iraq recorded the largest production decline, cutting 40,000 bpd to output 4.1 mbpd, amid intensified pressure from OPEC to improve compliance with agreed production limits. Congo posted a smaller reduction of 8,000 bpd to 269,000 bpd. Iran, Gabon, and Equatorial Guinea did not submit direct production data for the month.

Nigeria’s November performance offers a cautiously optimistic outlook as the country seeks to stabilise production, enhance security in oil-producing regions, and reinforce its case for a higher OPEC-assigned quota.

Tags: #CrudeOutput#EnergySector#NigeriaOilProduction#OPECReport
Previous Post

Reps Move to Restructure CBN Governance

Next Post

Tinubu: Nigeria’s $1 Trillion Economy Target Depends on Skilled Workforce, Digital Innovation

Victoria Emeto

Victoria Emeto

Next Post
Reps Approve Tinubu’s $347m Loan Request for Lagos-Calabar Coastal Highway

Tinubu: Nigeria’s $1 Trillion Economy Target Depends on Skilled Workforce, Digital Innovation

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
FMDQ Exchange Admits Flour Mills of Nigeria’s ₦30.00bn Commercial Paper Notes

FMDQ Admits TSL SPV PLC ₦12.00 billion Series 1 Guaranteed Fixed Rate Infrastructure Bond to its Platform

March 11, 2021
NCAC inaugurates Creative Industry Sub-Committees

NCAC inaugurates Creative Industry Sub-Committees

September 20, 2020
#EndSARS: Protesters receive heavy gun fire at Lekki toll gate

#EndSARS: Protesters receive heavy gun fire at Lekki toll gate

October 21, 2020
SMEs in Nigeria must be ready to grow with or without Government …Evans Edozie, C.E.O., Cospharma Nig. Ltd.

SMEs in Nigeria must be ready to grow with or without Government …Evans Edozie, C.E.O., Cospharma Nig. Ltd.

September 21, 2020
‘The existence of a production hub in Nigeria will go a long way for the Fashion Industry’. FUNMI RUFAI LADIPO, President Fashion Designers Association of Nigeria.(FADAN)

‘The existence of a production hub in Nigeria will go a long way for the Fashion Industry’. FUNMI RUFAI LADIPO, President Fashion Designers Association of Nigeria.(FADAN)

25
Goldlink’s restructures board

Goldlink’s restructures board

10
Airtel Africa Plc gets admitted to the NSE Main Board

Airtel Africa Plc gets admitted to the NSE Main Board

6
Stallion Tank Farm resumes operations

Stallion Tank Farm resumes operations

3
Oyedele: 98% of Nigerian Workers Exempted from PAYE Under New Tax Law

FG Mandates Tax ID for All Taxable Nigerians to Operate Bank Accounts from January 2026

December 12, 2025
CBN Orders Mandatory Dual Connectivity for PoS Transactions to Curb Downtime

CBN Orders Mandatory Dual Connectivity for PoS Transactions to Curb Downtime

December 12, 2025
Petrol Imports Hit Record Low as Dangote Refinery Boosts Local Output

Dangote Refinery Receives Second Ghanaian Crude Cargo as Maintenance Cuts Intake

December 12, 2025
NMDPRA Licenses JEX Markets, Sets Stage for Nigeria’s First Gas Trading, Clearing and Settlement Platform

NMDPRA Licenses JEX Markets, Sets Stage for Nigeria’s First Gas Trading, Clearing and Settlement Platform

December 12, 2025
Business 360 News

Business 360 News is a Business and Financial News Platform with an SMEs drive. Published by 360 Network Limited, and created with the aim of disseminating unbiased business stories to readers within and outside Nigeria, providing in-depth analysis of our stories from a critical perspective against the backdrop of realities, actualities, objectivity and balance.

Follow Us

Browse by Category

  • Africa
  • Agribusiness
  • Agriculture
  • AI
  • Art
  • Arts
  • Aviation
  • Banking
  • Blockchain
  • Business 360 Weekly
  • Business news
  • Business Travels
  • Capital Market
  • CHINA
  • Corporate
  • Cryptocurrency
  • Destination Business
  • East Africa
  • Economy
  • Education
  • Electric Vehicles
  • Electricty
  • Energy
  • Entertainment
  • Entertainment
  • Entrepreneurship
  • EV
  • Fashion
  • Fashion
  • Feature
  • Finance
  • Gas
  • Global Economy
  • Health
  • Hospitality
  • ICT
  • Insurance
  • IoT
  • Japan
  • Lifestyle
  • Luxury
  • Maritime
  • Meetings
  • Mortgage
  • News
  • NGOs
  • Oil
  • Petrol
  • Political Economy
  • politics
  • Real Estate
  • Real Estate
  • SMEs
  • Society
  • Solar Energy
  • South Africa
  • Sports
  • Start-Ups
  • Stocks
  • Success Stories
  • Tax
  • Tech
  • Tourism
  • Transportation
  • UK
  • Uncategorized
  • US
  • World

Recent News

Oyedele: 98% of Nigerian Workers Exempted from PAYE Under New Tax Law

FG Mandates Tax ID for All Taxable Nigerians to Operate Bank Accounts from January 2026

December 12, 2025
CBN Orders Mandatory Dual Connectivity for PoS Transactions to Curb Downtime

CBN Orders Mandatory Dual Connectivity for PoS Transactions to Curb Downtime

December 12, 2025
  • Africa
  • World
  • Our Shows

© Business 360 News - Business, Finance And SMEs News | Design by Manifest!

No Result
View All Result
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly

© Business 360 News - Business, Finance And SMEs News | Design by Manifest!