Nigeria oil output hits six-year high, above OPEC target
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Nigeria's crude oil production has reached a 74-month high, averaging 1.56 million barrels per day, thereby exceeding its OPEC quota at 104%. This marks a significant rise in Nigeria's output impacting global oil markets.
Nigeria's crude production reached a 74-month high last month, authorities said over the weekend, hitting an average of 1.56 million barrels per day, or 104 percent of its OPEC quota. The post Nigeria oil output hits six-year high, above OPEC target appeared first on Vanguard News.
World Markets Commodities Energy Nigeria oil production OPEC quota crude oil energy market commodities oil exports