Nigeria sustains crude output above 1.5mbpd in July

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Nigeria’s crude oil production fell by 50,000 barrels per day to 1.505 million barrels per day in July, sustaining production above the 1.5 million barrels per day quota set by OPEC. Meanwhile, Nigeria has made a case for West Africa to have a regional petroleum product pricing benchmark that reflects its own market realities. Chinnan Dikwal, the Vice Chair of the Africa Energy Council, joins CNBC Africa for this discussion.

Thu, 13 Aug 2026 14:45:23 GMT