Tag: OPEC

Jan 19

Nigeria Oil Output Forecast at 1.7-1.8m bpd in 2026

Coronation Group’s latest outlook, which projects Nigeria’s crude oil production stabilising at 1.7 million to 1.8 million barrels per day (bpd) in 2026—well below the Federal Government’s ambitious 2.5 million bpd target set by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). Coronation Group, a leading Nigerian financial services firm offering investment management, wealth advisory, insurance, […]

Nov 06

Global oil producers under the OPEC+ to Pause Oil Output Increases in Q1 2026 After December Hike

Global oil producers under the OPEC+ alliance have agreed to raise output slightly in December 2025, but then to pause further production increases during the first quarter of 2026. The decision—to add just 137,000 barrels per day (bpd) in December and then hold steady in January through March—is being viewed as a strategic move to […]