Nigeria Outperforms OPEC Quota as Production Climbs to 1.7m bpd
Nigeria’s aggregate hydrocarbon output surged to an 11-month high in May 2026, forcing the country to marginally exceed its official production quota under the Organisation of the Petroleum Exporting Countries (OPEC). Data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Thursday shows that daily crude oil extraction averaged 1,530,354 barrels, alongside an extra…