Commodities

Nigeria Crude Output Dips Again Amid OPEC Surge

Guavy AI Editorial Team Published September 11, 2026

Instruments

Oil

Nigeria's crude oil production declined for the second consecutive month in August 2026, despite other OPEC members increasing their output.

According to OPEC's September Monthly Oil Market Report, Nigeria produced 1.50 million barrels per day in August, down from 1.505mbpd in July.

This marks a decline of 55,000bpd over the three-month stretch from June to August, with Nigeria staying within its OPEC-assigned quota for the month.

The Wire

Keep reading for free.

You've read 3 free articles in the last 24 hours. Create a free account for unlimited access, no card required.

Create free account Already have an account? Sign in

No spam. Unsubscribe anytime.

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

GUAVY

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

Terms Privacy Policy