Nigeria’s crude oil production declined to 1.25 million barrels per day in May 2024.
This was reported by the Organisation of Petroleum Exporting Countries (OPEC).
OPEC received the data from direct communication which is from member countries and secondary communication, such as energy intelligence platforms.
It was reported that the average daily output was 1.25 million barrels per day (bpd) in May which represents 2.34 per cent fall from 1.28 million bpd recorded in April.
Despite the improvement in the fight against crude oil theft and pipeline vandalism there is still production decline in crude oil.
“OPEC said the country retained its position as the largest oil producer in Africa, followed by Libya, which produced 901,000 bpd in the reviewed month.”
Get instant and latest news updates via Our WhatsApp Community or Google News online channel.
