Nigeria’s Crude Oil Output Surges 7.7%, Edges Closer To 2024 Budget Benchmark
Nigeria experienced a significant surge in its crude oil output, rising by 7.7% in December 2023, according to the Organisation of Petroleum Exporting Countries (OPEC) Monthly Oil Market Reports (MOMR) released on January 18, 2024. The country’s oil production reached 1.4 million barrels per day (mbpd) in December, reflecting a 100,000 bpd increase from the …
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