The Organisation of Petroleum Exporting Countries (OPEC) has stated that Nigeria’s average daily crude oil production declined to 1.46 million barrels per day (bpd) in February.
This was contained in the organisation’s latest monthly market report, released on Wednesday.
OPEC said the production data was based on direct communication with Nigerian authorities.
OPEC receives data on crude oil production from two sources: direct communication from member countries, and secondary communication (data from energy intelligence platforms).
According to the report, the current output signifies a 4.8 per cent decrease from the 1.53 million bpd recorded in January — the first month-on-month output decline in the year.
It further quoted data from secondary sources to have put Nigeria’s crude production at 1.56 million bpd in February — a 2.2 per cent increase from the 1.52 million bpd recorded in January.
OPEC said with the current production volume, Nigeria retained its position as the biggest oil producer in Africa, with Algeria coming second, producing 912,000 bpd output.
OPEC said secondary sources disclosed a “total OPEC-12 crude oil production averaged 363 tb/d in February, m-o-m, averaging about 41.01 mb/d”.
“Crude oil output increased mainly in Nigeria, Iraq and IR Iran, while in Gabon and Congo production decreased.
“At the same time, total non-OPEC DoC crude oil production averaged 14.15 mb/d in February 2025 and averaged 2088 tb/d lower, m-o-m. Crude oil output increased mainly in Kazakhstan, while production in Mexico, Malaysia and Russia decreased,” OPEC said.
On March 3, OPEC and its allies (OPEC+) announced their decision to increase oil output in April.
