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Again, oil production falls short of OPEC quota by 0.57mbpd
Nigeria's oil production in the month of December 2022 grew by 4.2 per cent month-on-month to 1.23 million barrels per day but remained significantly short of the 1.8 million barrels per day allocated to the country by the Organisation of Petroleum Exporting Countries, OPEC.
Nigeria’s oil production declines to 1,388mbd in 1Q 2017
Nigeria’s oil production declined to an average of 1,388 million barrels per day (mbpd) in the first quarter, Q1’17, data obtained from the Organisation of Petroleum Exporting Countries, OPEC, showed.
Oil production cut: Oil majors may sabotage deal —Analyst
Despite the agreement reached by members of the Organisation of Petroleum Exporting Countries, OPEC, and non-OPEC members to cut oil production, an expert has expressed fears that oil majors may sabotage the deal.
FG ups oil production as tumbles below $50
Oil prices tumbled Tuesday, with Brent slumping below $50 on news of increased production from Nigeria following the repair of infrastructure damaged in militant attacks and a return of oversupply fears.
