Oil Revenue: Low production undermines benefits of high crude oil prices

🇳🇬 Vanguard Nigeria (NG) —

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Nigeria lost an estimated $839.22 million in oil revenue in the first four months of 2026 due to failing to meet its 1.5 million barrels per day OPEC production quota. Low production undermined gains from high crude oil prices.

Nigeria lost an estimated $839.22m in oil revenue in the first four months of 2026 after failing to meet its 1.5m barrels per day OPEC quota The post Oil Revenue: Low production undermines benefits of high crude oil prices appeared first on Vanguard News.

Politics Markets Commodities Energy Nigeria oil revenue production quota OPEC crude oil prices energy market losses

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