Close Menu

    Subscribe to Updates

    Get the latest news as they happen

    What's Hot

    Oyo council leadership: Alaafin registers disapproval by being absent

    January 17, 2026

    Boxer Anthony Joshua Back To Training 19 Days after… 

    January 16, 2026

    Imam Abdullahi Abubakar is dead, saves over 200 Christians 

    January 16, 2026
    Facebook X (Twitter) Instagram
    Megastar Magazine
    • Politics

      Otuocha Communiqué Fuels Coalition Speculation as Opposition Leaders Signal Alliance Talks

      January 16, 2026

      Atiku Abubakar Reacts to Son’s Defection to APC as  Personal and Conscientious

      January 16, 2026

      Atiku’s Son prefers APC to PDP and ADC for 2027 Presidency

      January 16, 2026

      Rumors of Defection Spark Internal Rift as Kwankwaso Accuses Kano Government of Coercing Officials

      January 15, 2026

      Senator Datti Baba-Ahmed Formally Declares 2027 Presidential Ambition

      January 7, 2026
    • Entertainment
      1. People
      2. Events
      3. Fashion
      Featured
      Entertainment January 16, 2026

      Ayra Starr Secures Multiple Nods as 2026 MOBO Awards Unveil 30th Anniversary Nominations

      Recent

      Ayra Starr Secures Multiple Nods as 2026 MOBO Awards Unveil 30th Anniversary Nominations

      January 16, 2026

      1,185 films approved in 2025 – Censors Board

      January 14, 2026

      Adekunle Gold, Simi share heartfelt messages about seventh wedding anniversary

      January 14, 2026
    • Business

      Dangote Appreciates Cement Distributors At Awards Nite, Splashes N15bn In Gifts, Cash 

      January 16, 2026

      Glo Unveils ‘Travel Saga’, Its Most Immersive Gaming Experience To Date 

      January 15, 2026

      Wema Bank launches smarter ALAT app with voice and tap features

      January 12, 2026

      Surprise as Retailers lower petrol below Dangote’s N739/litre

      January 12, 2026

      Unity Bank Disburses Over N270 Million To Corpreneurship Winners

      January 8, 2026
    • Health

      NCDC Declares Emergency Level 2 as Lassa Fever Mortality Rate Climbs Amid Nationwide Surge

      January 16, 2026

      Air pollution: Ogun Govt commences air quality check over lead contamination

      January 13, 2026

      Dr. Funmi Adewara: The Telehealth Visionary Bridging the Global Doctor Gap

      January 12, 2026

      Dr. Ije Akunyili Appointed First Black Chief Medical Officer of Jersey City Medical Center

      January 12, 2026

      FG Cuts Pay as Nationwide Health Strike Hits Day 58

      January 11, 2026
    • Culture

      Oyo and North American Summits to Promote Yoruba Ethics and Pan-African Percussive Heritage

      January 16, 2026

      Lagos Gears Up for Expanded 2026 Eyo Festival After Successful Detty December Revival

      January 15, 2026

      MultiChoice Nigeria Names Kemi Omotosho CEO, Making History as First Woman Leader

      January 13, 2026

      Lagos Secures Global Recognition as a Leading Art Destination

      January 13, 2026

      Beyond the Frontier: How NGX Records and Cultural Festivals are Redefining Nigeria’s Global Brand

      January 9, 2026
    • Lifestyle

      Posthumous Tribute: Honouring The Enduring Legacy of Captain Hosa Okunbo @ 68 

      January 7, 2026

      Seyi Tinubu Donates Over ₦100 Million to King Mitchy’s Philanthropy Projects

      January 5, 2026

      Mental Health and Sustainability: The Untapped Pillar of ESG.

      December 8, 2025

      We Commemorate 20 Years Since Pastor Bimbo Odukoya’s Passing ~ Fountain of Life Church

      December 5, 2025

      Giving life to the silenced ones can be achieved through Activism Against Gender-Based Violence  – Adeyinka Adeyefa

      December 1, 2025
    • Sports

      WAFCON 2025: Nigeria in Group C, to face Zambia 

      January 15, 2026

      To Super Eagles, BUA Chairman insists on fulfillment of $500k pledge

      January 15, 2026

      AFCON 2025: Nigeria will face Egypt for third place on Saturday

      January 15, 2026

      2025 AFCON: Eagles fall before Morocco on penalties, fail to qualify for final

      January 15, 2026

      AFCON semi-final: Davido stakes $50,000 on Super Eagles’ against Morocco

      January 14, 2026
    • Contact
    YouTube Facebook Instagram WhatsApp
    Megastar Magazine
    Home » Oil output increased by 35,000bpd in November – Report
    Business

    Oil output increased by 35,000bpd in November – Report

    Ifetayo AdeniyiBy Ifetayo AdeniyiDecember 12, 20253 Mins Read
    Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email Telegram
    Share
    Facebook Twitter WhatsApp Telegram Email

    Oil output increased by 35,000bpd in November – Report

    Organisation of the Petroleum Exporting Countries

    … still lower than the country’s allotted quota of 1.5 mbpd.

    Nigeria recorded one of the strongest month-on-month production gains among Organisation of the Petroleum Exporting Countries members in November 2025, pumping 1.436 million barrels per day, up from 1.401 mbpd in October, according to the December 2025 OPEC Monthly Oil Market Report.

    The figures, drawn from direct communication between member countries and the organisation, show that Nigeria added 35,000 bpd in November, its most significant rise in recent months.

    However, this is still below the country’s allotted quota of 1.5 mbpd, even as the country continues efforts to restore output toward the target. The increase underscores gradual improvements in upstream security and project optimisation across major producing terminals.

    This will be the fourth consecutive month Nigeria has failed to meet its assigned quota, the last time being in July 2025.

    Oil production, which fell sharply in August and September due to maintenance downtime and industrial action, appreciated slightly again in October and November, showing the struggle to return to meeting the OPEC quota once again.

    The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, said recently that Nigeria would demand a higher oil production quota. Lokpobiri said the country’s current quota, pegged at about 1.5 mbpd, no longer reflects its true production capacity.

    According to him, Nigeria would make a strong case for an upward review to at least two million barrels per day. Lokpobiri’s comment came at a time when the country’s crude output dropped from over 1.5 mbpd in July to 1.39 mbpd in September.

    It was observed from the report that despite Nigeria’s growth, overall OPEC crude production was largely flat, rising by just 39,000 bpd to an estimated 25.17 mbpd in November.

    Saudi Arabia, OPEC’s largest producer, recorded the biggest absolute increase, adding 48,000 bpd to reach 10.05 million bpd. The kingdom continues to carry the heaviest share of the group’s voluntary output adjustments.

    Libya’s production also ticked up, rising by 14,000 bpd to 1.365 mbpd, maintaining its recovery trajectory despite lingering internal instability. Kuwait and the UAE reported mild increases of 10,000 bpd and 8,000 bpd, respectively.

    Venezuela sustained its slow output recovery, adding 10,000 bpd to reach 1.142 million bpd, supported by incremental operational improvements.

    Iraq posted the most notable drop, cutting 40,000 bpd to 4.1 mbpd amid renewed pressure from OPEC to improve compliance with agreed output levels. Congo recorded a smaller decline of 8,000 bpd, producing 269,000 bpd. Iran, Gabon, and Equatorial Guinea did not provide direct production figures.

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    Previous ArticleFG offers up to N5m credit on CREDICORP loan to employed youths
    Next Article FirstBank Powers Mainland Laffs 3.0 to Light Up Lagos
    Ifetayo Adeniyi
    • Website

    Adeniyi Ifetayo Moses is an Entrepreneur, Award winning Celebrity journalist, Luxury and Lifestyle Reporter with Ben tv London and Publisher, Megastar Magazine. He has carved a niche for himself with over 15 years of experience in celebrity Journalism and Media PR.

    Related Posts

    Business January 16, 2026

    Dangote Appreciates Cement Distributors At Awards Nite, Splashes N15bn In Gifts, Cash 

    Business January 15, 2026

    Glo Unveils ‘Travel Saga’, Its Most Immersive Gaming Experience To Date 

    Business January 12, 2026

    Wema Bank launches smarter ALAT app with voice and tap features

    Business January 12, 2026

    Surprise as Retailers lower petrol below Dangote’s N739/litre

    Business January 8, 2026

    Unity Bank Disburses Over N270 Million To Corpreneurship Winners

    Business January 7, 2026

    FirstBank Meets N500 Billion Regulatory Capital Requirement

    Leave A Reply Cancel Reply

    Don't Miss
    News January 17, 2026

    Oyo council leadership: Alaafin registers disapproval by being absent

    Oyo council leadership: Alaafin registers disapproval by being absent File: Alaafin of Oyo, Oba Akeem…

    Boxer Anthony Joshua Back To Training 19 Days after… 

    January 16, 2026

    Imam Abdullahi Abubakar is dead, saves over 200 Christians 

    January 16, 2026

    Odo-Kekere Community public school building collapses in Ikorodu, Lagos

    January 16, 2026

    Subscribe to Updates

    Get the latest news as they happen

    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    Our Picks

    Prophet Joshua Iginla Buries Mother In Grandstyle As Ooni Of Ife, Wife, Top Dignitaries Storm Ekiti

    October 31, 2021

    Mars E&P secures $274 million facility from AFREXIM Bank

    November 25, 2021

    [Watch] Thanksgiving Ceremony – 30 years of Lee Engineering Construction & Company Limited

    December 17, 2021
    New Comments
    • Anozie okolo on Supreme Court Affirms President Tinubu’s Victory As Atiku, Peter Obi Lose
    • Mc richman on Nigeria and South African Music histories
    • Moses Ibrahim on Olu of Warri: Pictorial @ The Ogiame Atuwatse III Economic Summit.
    • Sen Rich Kay on MALARIA ERADICATION: Prince Ned Nwoko & NMEP Meet for joint action.
    Megastar Magazine
    YouTube Facebook WhatsApp Instagram
    • Privacy Policy
    • Terms of Use
    • Contact Us
    © 2026 Megastar Magazine. Designed by MANNDI

    Type above and press Enter to search. Press Esc to cancel.