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OPEC: Nigeria’s crude oil output rose to 1.38m bpd in March - THE CABLE
The Organisation of Petroleum Exporting Countries (OPEC) says Nigeria’s crude oil production increased slightly to 1.38 million barrels per day (bpd) in March.
OPEC announced the increase in its monthly oil market report for March on Monday.
In the report, the oil alliance said the figure represents a 5.25 percent increase from 1.31 million bpd output in February.
According to the oil alliance, its production figures were derived from direct communication with Nigerian authorities.
The OPEC usually source its crude oil output data from two channels: direct communication from member countries and secondary sources such as energy intelligence platforms.
The latest figures show that Nigeria failed to meet its 1.5 million bpd production quota, falling short by about 117,000 bpd.
However, the global oil organisation said Nigeria sustained its position as Africa’s leading oil producer, surpassing Libya, which recorded an output of 1.30 million bpd.
The oil cartel said data from secondary sources placed Nigeria’s crude production at 1.46 million bpd in March — a 1.39 percent increase from the 1.44 million bpd recorded in February.
Citing secondary sources, the OPEC said member nations’ total declaration of cooporation (DoC) crude oil production averaged “35.06 mb/d in March 2026, which is 7.70 mb/d lower, m-o-m”.
On April 4, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said daily crude oil production had increased to 1.84 million barrels per day (bpd).
However, four days after, Bashir Ojulari, the group chief executive officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited, said the crude oil production has increased to 1.71 million bpd.
