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Nigeria, Others Cause OPEC’s Crude Oil Output Shortfall in March

Nigeria OPEC

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By Adedapo Adesanya Reduced crude oil exports by Nigeria were one of the major reasons why the Organization of the Petroleum Exporting Countries (OPEC) recorded a decline in the amount of crude produced in March 2024. A survey by Reuters on Monday showed that OPEC pumped less crude in March, reflecting lower exports from Iraq and Nigeria against a backdrop of ongoing voluntary supply cuts by some members agreed with the wider OPEC+ alliance. OPEC pumped 26.42 million barrels per day last month, down 50,000 barrels per day from February, the survey, based on shipping data and information from industry

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