Crude Oil Output

Nigeria Fails to Meet OPEC Quota as Output Drops 7.9% to 1.322mbpd

March 13, 2024

By Adedapo Adesanya Nigeria’s crude oil production on a month-on-month basis dropped by 7.9 per cent to 1.322 million barrels per day, barrels per

Economy

Prices Ease on Limited Impact to Crude Oil Output

January 16, 2024

Adedapo Adesanya

By Adedapo Adesanya Prices weakened slightly on Monday as the Middle East conflict’s limited impact on crude oil output, with Brent losing 14 cents

Economy

Oil Output: New NNPC Board Targets Two Million Barrels Per Day

December 19, 2023

Adedapo Adesanya

By Adedapo Adesanya The newly appointed board and management team for the Nigerian National Petroleum Company (NNPC) Limited has pledged to produce two million

Economy

Nigeria’s Crude Oil Output Falls to 1.517mbpd in March

April 10, 2023

Adedapo Adesanya

By Adedapo Adesanya Nigeria’s crude oil output dropped month-on-month by 1.9 per cent to 1.517 million barrels per day in March 2023 from 1.547

Economy

Nigeria Adds 77,000bpd Crude Oil in October, Remains Below OPEC Target

November 15, 2022

Adedapo Adesanya

By Adedapo Adesanya Nigeria continued to lag in its crude oil production despite increasing its output by 77,000 barrels per day in October, but

Economy

Nigerian Crude Oil Output Down 80,000bpd in June

July 1, 2022

Adedapo Adesanya

By Adedapo Adesanya For another month, Nigeria failed to meet its crude oil output quota in June 2022, recording a decline of 80,000 barrels

Economy

Elumelu Blames Tariffs for Nigeria’s Low Crude Oil Output

June 15, 2022

Dipo Olowookere

By Dipo Olowookere Chairman of United Bank for Africa (UBA) Plc, Mr Tony Elumelu, has attributed the declining crude oil output in Nigeria to

Economy

Disruptions Suck Nigeria’s Crude Oil Output by 70,000bpd

November 2, 2021

Adedapo Adesanya

By Adedapo Adesanya Nigeria witnessed the biggest crude oil production decline among the Organization of the Petroleum Exporting Countries (OPEC) members in October 2021.

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