Nigeria’s crude oil manufacturing climbed marginally to 1.436 million barrels per day (bpd) in November, up from 1.401 million bpd in October.
That is in line with the Organisation of Petroleum Exporting Nations (OPEC) Month-to-month Oil Market Report (MOMR) launched on Thursday.
Regardless of the modest improve, the report exhibits that Nigeria fell in need of assembly its OPEC-assigned quota for the fourth consecutive month, the final time it met its goal being July 2025.
In accordance with OPEC’s knowledge, Nigeria averaged 1.444 million bpd within the third quarter (Q3) of 2025, representing a decline from 1.481 million bpd in Q2 and 1.468 million bpd in Q1.
The figures spotlight the nation’s ongoing wrestle to maintain manufacturing restoration regardless of new investments and authorities interventions within the upstream sector.
World Oil Market Context
The cartel and its allies might want to produce a mean of 43 million barrels a day subsequent 12 months to steadiness provide and demand, roughly in step with the quantity pumped final month.
This runs counter to prevailing business expectations for a provide extra in 2026.
Key OPEC+ nations led by Saudi Arabia acknowledged the delicate backdrop final month by agreeing to pause additional output will increase throughout the first quarter after quickly ramping up manufacturing earlier this 12 months.
What This Means
Nigeria’s lack of ability to satisfy its OPEC quota for 4 consecutive months poses a problem for its international change earnings, as oil stays the nation’s largest income supply. Nevertheless, the gradual uptick in output exhibits indicators of a gradual however regular rebound that would strengthen the federal government’s fiscal place if sustained.
Moreover, with the continued rehabilitation of refineries, the approaching onstream of latest non-public refineries like Dangote’s, and the renewed give attention to upstream funding, Nigeria may very well be positioning itself for a stronger exhibiting in 2026—offered it addresses safety and infrastructure bottlenecks that proceed to impede progress.
In essence, whereas November’s figures fall in need of OPEC’s expectations, they characterize a tentative upward pattern—one that would outline the trajectory of Nigeria’s oil sector restoration within the coming months.
What you must know
Newest FG’s knowledge exhibits that Nigeria’s every day petrol consumption dipped to a mean of 52.9 million litres per day in November 2025, reflecting a notable shift in nationwide gasoline demand patterns.
That is in line with the newest Truth Sheet launched by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
The November determine marks a decline from the 56.74 million litres per day recorded in October 2025.
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