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6 Uncomplicated Ways to Get Studying Fun

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Nigeria’s gas revolution will lift West Africa’s energy

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Tag: Crude

Crude hits $83 as Nigeria's export passes 1.4mbpd
Oil and Gas

FG targets 1.7mbpd crude despite Nov output drop

The Federal Government declared on Tuesday that Nigeria would meet and exceed the 2024 crude oil budget benchmark of 1.7 million barrels per barrel despite a marginal decline in oil output in November 2023. The Punch reported that the Nigerian Upstream Petroleum Regulatory Commission released new data on Tuesday, which indicated that the country’s crude oil […]

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Nigerian crude production drops 9.65% to 40.12mbd

The total crude oil production was reported to be down 9.65% m/m to 40.12m from 44.40m in June 2023 and down 1.52% y/y to 40.74mn in July 2022. This is despite a significant increase in oil rig count to 14 in Q1 2023 from 8 in Q1 2022, according to the Organisation of the Petroleum Exporting Countries […]

Oil and Gas

Nigeria’s crude production falls to 1.3m bpd

Nigeria’s crude oil output fell to 1,294,162 barrels per day in July 2023. This is according to the Nigerian Upstream Petroleum Regulatory Commission. Data revealed that during the highlighted month, Nigeria produced 1,081,396 barrels of crude oil daily, along with 38,258 barrels and 174,509 barrels of blended and unblended condensates, respectively. For the entire month, […]