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BREAKING NEWS: Nigeria’s oil output rises by 6.3% to 1.507m bpd
In its just-released January 2024 Monthly Oil Market Report (MOMR), obtained by Vanguard, the organization disclosed that this was based on data obtained from secondary sources.
Nigeria’s oil output, excluding condensate, increased year-on-year (YoY) by 6.3 per cent to 1.507 million bpd in December 2024, from 1.418 million bpd recorded in the corresponding period of 2023.
However, on a month-on-month (MoM) basis, the nation’s oil output, excluding condensate, increased by 2 per cent to 1.507 million bpd in December 2024, from 1.477 million bpd in November 2024, according to the Organisation of Petroleum Exporting Countries (OPEC).
In its just-released January 2024 Monthly Oil Market Report (MOMR), obtained by Vanguard, the organization disclosed that this was based on data obtained from secondary sources.
…Details later
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