OPEC Raises Nigeria’s Production Quota

The Organisation of Petroleum Exporting Countries (OPEC) has increased Nigeria’s crude oil production output to one million, 829 thousand barrel per day, from April 2022 to May 2022.

Nigeria’s June quota was one million and 554 thousand barrels daily

This was made known in its declaration of cooperation statement, from the 19th OPEC and Non-OPEC ministerial meeting in Vienna, Austria

The OPEC added it was in view of the current oil market fundamentals and the consensus on its outlook.

YOU CAN ALSO READ: Nigeria to resist OPEC planned cut of oil output

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