For the month of December, Nigeria’s average daily crude oil production reached 1.418 million barrels from the 1.31 million barrels recorded in the month of November according to Nairametrics
This represents an increase of 100k b/d from what was recorded in the previous month.
This is according to OPEC’s monthly oil market report for the month of December. According to the report, total crude oil production from the cartel’s member countries increased by 73,000 barrels daily on a month-on-month basis.
The increase in the group’s oil production was propelled by rising production in Iraq and Nigeria while countries like Kuwait, Saudi Arabia and IR Iran saw reduction in daily production levels.
Together, the cartel’s members produced 26.7million barrels of crude oil daily- an increase of 73,000 barrels compared to the 26.62 million barrels reported in November.
Data from direct communication with OPEC saw Nigeria’s crude oil production increase by 85,000 barrels daily from 1.25 mb/d to 1.335mb/d production.
