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Nigeria Misses OPEC+ Oil Quota for Fifth Straight Month
Market Intelligence Analysis
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Why This Matters
Nigeria's crude oil production fell short of its OPEC+ quota for the fifth consecutive month due to operational challenges in its upstream sector, with production decreasing to 1.422 million barrels per day in December.
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’s crude oil production slipped in December from November as Africa’s top producer continues to struggle to pump to its full OPEC+ output quota amid operational challenges in its upstream sector. Nigeria’s crude oil production fell to 1.422 million barrels per day (bpd) in December, down from 1.436 million bpd in November, according to figures reported by the country’s authorities to OPEC and included in OPEC’s latest Monthly Oil Market Report (MOMR). By Nigeria’s own admission, it failed to…
Original article published by
OilPrice.com
on January 15, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.