Nigeria Fails to Meet OPEC Target Despite 35,000bpd Output Rise 

Despite not meeting its Organisation of Petroleum Exporting Countries (OPEC) target of 1.5 million barrels per day in November, Nigeria pumped an additional 35,000bpd crude oil during the month, the cartel’s latest data has shown.

In November the country pumped 1.436 million bpd, a significant rise from 1.401 million bpd in October,  the December 2025 OPEC Monthly Oil Market Report (MOMR) indicated.

According to feedback from OPEC’s direct communication with Nigeria, it was one of the most significant increases in recent months, despite falling short of expectations.

After a surge in output around mid 2025, production has waned in recent months, hitting the fourth consecutive month in November. A document seen by THISDAY recently showed that the Nigerian National Petroleum Company Limited (NNPC) has promised to restore output by mid December.

Overall, OPEC’s crude production growth remained largely insignificant during the month, rising by roughly 40,000 bpd to an estimated 25.17 mbpd in November.

According to the December MOMR, OPEC’s largest producer, Saudi Arabia, recorded the biggest absolute increase, adding 48,000 bpd to reach 10.05 million bpd, as the Kingdom continued to carry the heaviest share of the group’s voluntary output adjustments.

Besides, Libya’s production rose by 14,000 bpd to 1.365 million bpd, while Kuwait and the UAE reported meagre increases of 10,000 bpd and 8,000 bpd and Venezuela sustained its slow output recovery, adding 10,000 bpd to reach 1.142 million bpd.