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The Staggering Cost of Nigeria Missing OPEC+ Oil Quotas
Market Intelligence Analysis
AI-Powered
Why This Matters
Nigeria's underproduction of oil has resulted in a loss of $1.31 billion in revenue, highlighting the country's struggles to meet OPEC+ quotas.
Market Impact
Market impact analysis based on bearish sentiment with 85% confidence.
Sentiment
Bearish
AI Confidence
85%
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 struggles to pump to its OPEC+ quota over the past year have resulted in a loss of $1.31 billion gross revenue for the biggest African oil producer, according to data calculated by Business Insider Africa. The cumulative underproduction for Nigeria between January 2025 and January 2026 is estimated at about 18.12 million barrels. Multiplied by the official average price of the country’s flagship Bonny Light crude, $72.08 per barrel, the lost revenues for OPEC’s top African producer amount to $1.31 billion, Business…
Original article published by
OilPrice.com
on February 18, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.