Nigeria’s average daily crude oil production rose to 1.507 million barrels per day (mbpd) in July, exceeding its Organisation of the Petroleum Exporting Countries (OPEC) quota by about 7,000 barrels per day. The latest OPEC Monthly Oil Market Report shows that production inched up by 2,000 bpd compared to June’s 1.505 mbpd, marking the second … Continue reading Nigeria Maintains Oil Output Above OPEC Quota