Nigeria’s average crude oil production in the month of September dipped to 1.324 million barrels per day, fresh data by the Organisation of Petroleum Exporting Countries (OPEC) released on Monday, October 14, 2024 has shown.
In the October Monthly Oil Market Report (MOMR) published by the cartel, Nigeria recorded a decline of 28 thousand barrels when compared to 1.352 million barrels per day recorded in the previous month.
Despite this decline, Nigeria remained Africa’s largest oil producer, widening the gap with Libya, which experienced production setbacks due to the shutdown of key oil fields, reducing its output to 450 thousand barrels per day.
