Nigeria's crude oil production averaged 1.45 million bpd in September: OPEC

Peoples Gazette

This was contained in OPEC’s oil market report for October 2021.

The Organisation of the Petroleum Exporting Countries (OPEC) says Nigeria’s crude oil production averaged 1.451 million barrels per day in September 2021.

OPEC made this known in its Oil Market Report for October 2021 which was obtained by the News Agency of Nigeria (NAN) on Wednesday in Lagos.

The report said the figure showed an increment of 156 barrels per day when compared to the 1.296 million barrels per day produced averagely in the month of August 2021.

It also noted that Nigeria’s non-oil economic activities grew despite the lingering effects of the current COVID-19 wave.

The report said: “The Stanbic IBTC Bank Purchasing Managers’ Index (PMI) edged up to 52.3 in September from 52.2 in August, remarking the 15th consecutive monthly expansion.

“Yet labour market pressures continued to be a concern.

“Recently released National Bureau of…

Report

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments