The Organisation of Petroleum Exporting Countries (OPEC) has increased Nigeria crude oil quota from 1.772million barrels per day for June 2022 to 1.799million barrels per day in July 2022. According to the world’s oil supply governing body, the raise was by 27,000 barrels, translating to 3.4% increase in the month of July. The cartel disclosed the news in its press statement on its 29th OPEC and non-OPEC Ministerial Meeting was held via videoconference on Thursday. In the statement, OPEC also approved the highest production volume of 10.833million barrels per day…
Read MoreOPEC Raises Nigeria’s Oil Quota to 1.799 m Barrels Per Day
