newsycanuse

February oil production dips to 88% of OPEC quota

February

Business

March 18, 2026 by

OPEC

The Nigeria’s crude oil production reduced drastically to 88 per cent of the Organization of Petroleum Exporting Countries (OPEC) quota in February 2026 from about 98 per recorded in January 2026.

The crude oil quota was 1.5million barrels per day, however the country’s output in the month under review was 1.313mb/d.

Besides, Nigeria produced 170,259 barrels per day of condensate in February, totally 1.48mb/d.

This was contained in the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) Crude Oil and Condensate Production February 2026 report.

The report said: “Remarks on February Production: 1. Lowest and Peak Combined crude oil and Condensate were 1.41 million bopd and 1.56 million bopd respectively

 “The average crude oil production represents 88per cent of OPEC quota (1.5 mbpd) –

  “Daily average production was 1,483,954 barrels per day, comprising of both Crude oil (1,313,695 bopd) and condensate (170,259 bopd).”

The record was a sharp decline from the 1.62mb/d of crude oil and condensate produced in the previous month.

In January, Nigeria produced 1.45mb/d of crude oil and 116,373b/d of condensate.

The trunk around maintenance of some of the facilities accounted for the dip in production in February.

TAGS:

Read More

Latest

Could

Could XRP Hit $1 While HYPE Stands Strong? Apeing Becomes the Most Awaited Crypto Presale Ready to Explode

0
What if XRP’s biggest test right now is happening at $1, even as Ripple lands a major Korean banking deal? XRP slipped to $0.98, its lowest level, just as Ripple announced that Jeonbuk Bank had become the first regional bank in South Korea to deploy Ripple Payments for cross-border business transfers...
Business

‘Eye of the storm’: Business owner’s fight to keep nail tech siblings in country

0
A Whangārei beauty salon owner says her business may face trouble if she cannot find a way to keep her siblings in the country. Anna Vu owns AV Beauty Spa, and has worked in the city for 12 years. She said she had always struggled to find suitably skilled nail technicians and beauty staff and
businesses

Summerland businesses face another blow as water advisory keeps doors closed

0
Posted August 20, 2026 10:08 pm 2 min read 2:10 Summerland restaurants stay closed for water restrictions WATCH: Getting back to normal continues to be challenging for Summerland restaurants impacted by the Bald Range wildfire. Evacuated business owners have returned and now a boil-water advisory is keeping restaurant doors closed. Cohan Sassaman has more. –
Glasses

Meta smart glasses could soon be banned in cinemas, says UK trade body — but this time it’s more about piracy than privacy

0
(Image credit: Meta) UK movie theatres considering smart glasses ban The ban would be over privacy and piracy concerns It's yet another instance of private bans restricting the tech Privacy concerns have rocked Meta’s smart glasses business. They’re being ridiculed online as ‘perv glasses,’ and their use is banned in a growing number of spaces.

Newsletter

Don't miss

Could

Could XRP Hit $1 While HYPE Stands Strong? Apeing Becomes the Most Awaited Crypto Presale Ready to Explode

0
What if XRP’s biggest test right now is happening at $1, even as Ripple lands a major Korean banking deal? XRP slipped to $0.98, its lowest level, just as Ripple announced that Jeonbuk Bank had become the first regional bank in South Korea to deploy Ripple Payments for cross-border business transfers...
Business

‘Eye of the storm’: Business owner’s fight to keep nail tech siblings in country

0
A Whangārei beauty salon owner says her business may face trouble if she cannot find a way to keep her siblings in the country. Anna Vu owns AV Beauty Spa, and has worked in the city for 12 years. She said she had always struggled to find suitably skilled nail technicians and beauty staff and
businesses

Summerland businesses face another blow as water advisory keeps doors closed

0
Posted August 20, 2026 10:08 pm 2 min read 2:10 Summerland restaurants stay closed for water restrictions WATCH: Getting back to normal continues to be challenging for Summerland restaurants impacted by the Bald Range wildfire. Evacuated business owners have returned and now a boil-water advisory is keeping restaurant doors closed. Cohan Sassaman has more. –
Glasses

Meta smart glasses could soon be banned in cinemas, says UK trade body — but this time it’s more about piracy than privacy

0
(Image credit: Meta) UK movie theatres considering smart glasses ban The ban would be over privacy and piracy concerns It's yet another instance of private bans restricting the tech Privacy concerns have rocked Meta’s smart glasses business. They’re being ridiculed online as ‘perv glasses,’ and their use is banned in a growing number of spaces.
Columnist

Sports Columnist Resigns After Paper Spikes Piece Featuring Girls Opposed to Boys in Their Sports

0
Matt Calkins was a sports columnist at The Seattle Times for 11 years. On Thursday, he announced his resignation after the paper declined to run a column he had written from the point of view of two female student-athletes who were opposed to boys in girls' sports. "It was one of several pieces of mine
newsycanusehttps://newsycanuse.com

‘Eye of the storm’: Business owner’s fight to keep nail tech siblings in country

A Whangārei beauty salon owner says her business may face trouble if she cannot find a way to keep her siblings in the country. Anna Vu owns AV Beauty Spa, and has worked in the city for 12 years. She said she had always struggled to find suitably skilled nail technicians and beauty staff and
Read more

What small business owners say they’d do differently, in hindsight

Working 60+ hours a week makes owners twelve times more likely to say their business is hurting their personal life. Australian small business owners are working through illness, skipping holidays and struggling to step away from their businesses, according to new research from insurer BizCover. The survey of 1,500 BizCover small business customers found more
Read more

Bright young business brains bring ideas to life

Friday 17 July, 2026 Young Cumbrian entrepreneurs showed off their innovative business ideas, from AI virtual assistants to African food, at two celebration events this week. Fifteen young people from Furness and West Cumbria aged 14 to 25 were selected to take part in the Positive Enterprise programme back in January...
Read more