July 14, 2024
BREAKING: Nigeria’s oil production hits1.235 mb/d — OPEC
OIL MARKET: Prices hit $86.55 per barrel on OPEC meeting
– By Alison Godswill

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BREAKING: Nigeria’s oil production hits1.235 mb/d — OPEC

. As Nigeria beats Angola to become Africa’s highest producer

By Eyo Nsima

Nigeria’s oil production has risen by four percent month-on-month, MoM, to 1.235 million barrels per day, mb/d in December 2022, from 1.186 mb/d in November last year

However, on year-on-year, YoY, Nigeria’s oil production also increased to 1.235 mb/d in December 2022, from 1.197 mb/d in the corresponding period of 2021.

According to the Organisation of Petroleum Exporting Countries, OPEC, January 2023 Monthly Oil Market Report, MOMR obtained by The Daily, www.theedaily-ng.com, Nigeria beat Angola produced 1.088 mb/d in December 2022, to become the highest African-producing nation.

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