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Nigeria’s Oil Production Drops In May, Missing OPEC Quota - Nairaland / General - Nairaland

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Nigeria’s Oil Production Drops In May, Missing OPEC Quota by lekkibizchron: 12:08pm On Jun 13
In May, Nigeria’s average crude oil production declined to 1.25 million barrels per day (bpd) from 1.28 million bpd in April 2024, marking a drop of 30,000 bpd. This level represents the second lowest in 2024, surpassed only by March’s 1.23 million bpd, as detailed in the OPEC Monthly Oil Market Report (MOMR) for May. The report also noted that the total crude oil supply by OPEC+ members stood at 40.9 million bpd according to secondary sources.


READ MORE: https://lekkibizchronicle.com/2024/06/13/nigerias-oil-production-drops-in-may-missing-opec-quota/

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