FX.co ★ Nigeria’s OPEC Oil Output Inches Higher to 1.57M Barrels, Signaling Ongoing Recovery

Nigeria’s crude oil production under the OPEC framework has risen to 1.57 million barrels, up from a previous level of 1.53 million barrels, according to data updated on 31 March 2026. The figures, tracked in the context of global energy markets by observers in the United States and elsewhere, point to a modest but notable increase in Nigeria’s output.

The 40,000-barrel increase suggests a continuation of Nigeria’s gradual efforts to stabilize and expand production within the OPEC system. Even small shifts in supply from key producers like Nigeria are closely watched by traders and policymakers, as they can influence global oil price dynamics and feed into broader assessments of supply risk, energy security, and inflation pressures, particularly in major consuming economies such as the United States.