Nigeria output at multi-decade low, Angola close to the nadir of the early 2000s: S&P Global Nigeria, Angola show biggest over compliance to quotas among OPEC producers Persistent underinvestment, low oil prices have led to capacity constraints: IEA Top African oil producers Nigeria and Angola are unlikely to meet current OPEC output quotas for at least another year as persistent underinvestment and maintenance issues have crippled energy facilities, according to the International Energy Agency. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Nigeria, the region’s largest producer, has seen production plunge to its lowest level in more than 30 years to 1.23 million b/d in May, according to estimates by S&P Global Commodity Insights, due to a host of security, operational and technical problems since early 2021. Nigeria’s crude and condensate production is almost half its 2.2 million b/d output capacity, with key oil fields and terminals […]