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Nigeria Misses 2025 Oil Production Target by 500,000 Bpd
Market Intelligence Analysis
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Why This Matters
Nigeria's oil production fell short of its 2025 target by 500,000 barrels per day, averaging 1.5 million barrels daily, with a brief spike to 1.6 million barrels in November.
Market Impact
Market impact analysis based on bearish sentiment with 80% confidence.
Sentiment
Bearish
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 booked average daily crude oil production of around 1.5 million barrels for 2025, which was half a million barrels daily lower than the government’s target for the sector, Vanguard reported today. Official data from the Nigerian Upstream Petroleum Regulatory Commission showed there were 40 active drilling rigs in the country at the end of the year, while OPEC reported the number of active drilling rigs in Nigeria at 18 for November, the report noted. In that month, oil production jumped to around 1.6 million barrels daily, the Nigerian…
Original article published by
OilPrice.com
on January 7, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.