Nigeria produced 1,183,691 barrels of crude oil per day in May, which was 65,269 barrels less than what it produced in June. This suggested that, compared to May, Nigeria's oil production rose by 774,326 barrels in June. Nigeria's oil production has been oscillating throughout the last year; in September 2022, the nation's oil output reached a low of 0.937 million barrels per day. ADVERTISEMENTAbout 23,000 bpd more crude oil was produced in January 2023 than in December 2022, when 1.235 mbpd was produced. However, in March, the amount fell to 1.27 mbpd, ending the seven-month streak in Nigeria's oil production.

Source: Daily Nation July 14, 2023 16:16 UTC