\n OPEC\u2019s latest monthly report showed Nigeria produced 1.38 million barrels per day (bpd) in March, up from 1.31 million bpd in February. The increase suggests a gradual rebound after earlier disruptions linked to maintenance and operational issues.\n <\/p>\n
\n Alternative estimates tell a slightly different story. Secondary sources used by OPEC put Nigeria\u2019s production higher at 1.46 million bpd, pointing to a faster recovery.\n <\/p>\n
\n The discrepancy shows a long-standing issue, Nigeria counts condensates in its domestic figures, while OPEC focuses strictly on crude oil. That gap often creates conflicting narratives about the country\u2019s true production performance.\n <\/p>\n
\n Despite missing its quota, Nigeria retained its position as Africa\u2019s top oil producer, ahead of Algeria, Libya.\n <\/p>\n
<\/p>\n
\n For much of 2025 and into 2026, Nigeria has struggled to consistently meet its OPEC target due to oil theft, pipeline vandalism, ageing infrastructure, and delayed investments.\n <\/p>\n
\n These challenges have made output volatile, complicating fiscal planning in a country where oil still accounts for the bulk of export earnings.\n <\/p>\n
\n Globally, the timing matters. OPEC\u2019s total output stood at about 35 million bpd in March as the group continues to manage supply amid shifting demand and geopolitical tensions.\n <\/p>\n
\n For Nigeria, failing to fully utilise its quota in such a market means leaving potential revenue on the table.\n <\/p>\n
\n There are signs of improvement. Industry officials say production began to recover towards the end of March after key assets returned from maintenance.\n <\/p>\n
\n But sustaining that momentum will depend on Nigeria\u2019s ability to secure pipelines, attract investment, and improve operational efficiency, long-standing issues that have repeatedly slowed the sector.\n <\/p>\n
\n For now, Nigeria is producing more oil. Just not enough to meet expectations.\n <\/p>\n","protected":false},"excerpt":{"rendered":"OPEC\u2019s latest monthly report showed Nigeria produced 1.38 million barrels per day (bpd) in March, up from 1.31…\n","protected":false},"author":2,"featured_media":391683,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[114,184,85,46],"class_list":["post-391682","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-il","tag-israel"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/391682","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=391682"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/391682\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/391683"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=391682"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=391682"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=391682"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}