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Nigeria’s NNPC Boosts Oil Production to 1.6 Million Bpd
Market Intelligence Analysis
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Why This Matters
Nigeria's state-owned oil and gas company NNPC reported a 1.3% increase in crude oil production to 1.6 million barrels per day in November 2025, while natural gas output slightly decreased.
Market Impact
Market impact analysis based on bullish sentiment with 80% confidence.
Sentiment
Bullish
AI Confidence
80%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
Nigeria’s state-owned oil and gas company NNPC this week reported crude oil and condensate production of 1.6 million barrels per day (bpd) for November 2025, up by 1.3% from October levels. Natural gas output fell slightly to 6.97 million standard cubic feet per day (mscfd) in November, compared with 6.99 mscfd for the previous month. NNPC’s profit after tax and revenues rose in November from October. Going forward, the company plans to “Intensify collaboration with our partners through year-end and into 2026 to ensure improved…
Original article published by
OilPrice.com
on January 2, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.