TwentyTenDaily

Tag: oil output

  • Nigeria’s Oil Output Drops 23.8% 

    Nigeria’s Oil Output Drops 23.8% 

    According to the Organisation of Petroleum Exporting Countries, OPEC, Nigeria’s oil output dropped Year-on-Year by 23.8 percent to 1.024 million barrels per day, mbpd, in May 2022. This is a drop from 1.344 mbpd recorded in the corresponding period of 2021. In its June 2022 Monthly Oil Market Report, OPEC stated that the figure, excluding…

  • Nigeria’s oil output drops 13.3% to 1.3 mbpd

    Nigeria’s oil output drops 13.3% to 1.3 mbpd

    The Organisation of Petroleum Exporting Countries, OPEC, has put Nigeria’s oil output at 1.3 million barrels per day, bpd, in April 2022. This is a decrease of 13.3 percent compared to 1.5 million bpd recorded in the corresponding period of 2021. According to the May 2022 Monthly Oil Market Report, MOMR, of OPEC, Nigeria remains…