Nigeria’s daily crude oil production increased by 3.4% to 1.352 million barrels in August, according to OPEC’s latest data.
The Organisation of Petroleum Exporting Countries (OPEC) in its monthly oil market report for August reports that Nigeria’s crude oil production increased by 45 thousand barrels from 1.307 million barrels in July daily to the current figure.
The figure above is based on direct communication with Nigerian authorities on crude oil production for the month.
According to secondary sources, Nigeria’s average crude oil production in August stood at 1.448 million barrels per day- an increase of 57 thousand daily when compared to 1.391 million daily posted in the previous month.
Nigeria solidified its status as Africa’s top oil producer, widening its lead as Libya, its nearest rival, struggled with production issues from major field shutdowns that month.
