Nigeria Targets 100,000-BPD Oil Output Increase As Global Supply Disrupted

Nigeria is actively increasing its crude oil production in response to major global supply disruptions caused by the ongoing war in Iran, with authorities now aiming to raise output by 100,000 barrels per day (bpd) in the immediate term to capture widening supply gaps. Data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) shows Nigeria's total liquid volume output at 1.66 million bpd, buoyed by high-performing offshore assets including Bonga, Erha and Egina. Whereas intermittent output spikes have hit ~1.8 million bpd, structural…