How Nigeria's crude oil output rose following new price

  • The price of crude oil prices has risen to a new high following an improvement in oil production by Nigeria
  • The price of Brent Crude rose to $83.19 barrels, which analysts say is a good development for the Nigerian economy
  • The Chief Executive of NUPRC, Gbenga Komolafe, said that Nigeria’s oil production rose to 1.64 million barrels daily in January 2024

Pascal Oparada has over a decade of experience covering Tech, Energy, Stocks, Investments, and Economy.

The price of Brent Crude rose to $83.19 barrels on Tuesday, February 13, 2024, an increase of $1.19 compared to its cost the previous day, according to data from the Nigerian government, showing that the country’s output rose to 1,426,574 barrels per day in January 2024.