Tag
CRUDE OIL OUTPUT
Nigerian oil blends contracts settled above the $71 mark at the mid-week trading session amid market volatility in...
The average daily crude oil production in Nigeria during the second quarter of 2024 has dropped from 1.5 million barrels per day (bpd) to 1.4 million bpd.
Five months after Asiwaju Bola Ahmed Tinubu was sworn in as president in May 2023, Nigeria's crude oil production rate has increased by a mere 131,926 barrels per day.
A report by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has shown that Nigeria recorded 1.26 million barrels per day of crude oil production in March 2023.
Brent crude lost 1.14 %, to trade at $39.38 a barrel at 3.40 am Nigerian time, failing to stay over the $40 resistance price level.