Oil production: What OPEC’s September quota means for Nigeria


The Organization of the Petroleum Exporting Countries and its allies, OPEC+, said on Wednesday that it will produce an additional 100,000 barrels a day in September.

The decision is coming despite President Joe Biden’s trip to Saudi Arabia last month to persuade OPEC’s leader to pump more to help rein in prices boosted by rebounding demand and Moscow’s invasion of Ukraine.

But what does an increased output of 1.830 million barrels per day mean for Nigeria, having suffered setbacks in crude oil production.

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