Nigeria’s Oil Output Drops By 23.8% To 1.024m bpd — OPEC
Nigeria’s oil output dropped Year-on-Year, YoY, by 23.8 per cent to 1.024 million barrels per day, mbpd, in May 2022, from 1.344 mbpd recorded in the corresponding period of 2021, according to the Organisation...
Nigeria’s October Oil Output Fell To 1.37m bpd
Nigeria’s crude oil production dropped to 1.37 million barrels per day last month from 1.39 million bpd, a survey by Platts showed on Monday.
The country’s oil production in October was 261,000 bpd below the quota given to...
Nigeria’s Oil Output Lower Than OPEC Quota
Nigeria saw its crude oil production increase slightly last month to about 1.25 million barrels per day, which is 360,000 bpd lower than the quota given to it by the Organisation of Petroleum Exporting Countries.
The country told OPEC...
Nigeria Rebalances OPEC Quota Compliance, Cuts Output By 7%
Nigeria has been forced to rebalance its oil output, effecting about 7.0 percent cut back on its oil output to re-align with the quota imposed by the Organisation of Petroleum Exporting Countries, OPEC.
The nation’s output in...
Oil Rises Above $53, OPEC+ Agrees On Output Rollover
The international oil benchmark, Brent crude, surged above $53 per barrel on Tuesday as the Organisation of the Exporting Countries and its allies agreed to hold production steady in the face of new coronavirus lockdowns.
Brent, against...
Nigeria Risks Losing 38% Deepwater Oil Output 2025 - Operators
The fiscal terms in the current Petroleum Industry Bill may lead to a 38 per cent reduction in Nigeria’s deepwater oil production in 2025, an industry group comprising international and indigenous oil firms in the...
