Nigeria hits OPEC quota again, but oil output still trails budget target

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Nigeria hits OPEC quota again, but oil output still trails budget target

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Nigeria has complied with its OPEC oil production quota for the fourth consecutive month as crude output slightly increased in August 2026. Despite this compliance, oil output remains below Nigeria’s budget target.

Nigeria maintained compliance with its Organization of the Petroleum Exporting Countries (OPEC) production quota for the fourth consecutive month in August 2026, as crude oil output recorded a modest increase compared to the previous month. The post Nigeria hits OPEC quota again, but oil output still trails budget target appeared first on Nairametrics.

World Politics Markets Commodities Energy Nigeria OPEC oil production energy sector budget targets

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