Nigeria’s Oil Production Increased by 274,000b/d

Nigeria’s Oil Production Increased by 274,000b/d

The Organization of Petroleum Exporting Countries(OPEC) announced last week that Nigeria’s crude oil production increased by 274,000b/d in April, Premium Times reported.

According to Naija247 News, OPEC said that the boost in production is considered to be the biggest increase among countries within the oil producers’ group.

OPEC’s latest Monthly Oil Market Report stated that Nigeria’s output increased to 1.484 mb/d during April, from 1.21 mb/d in March, which was based on direct communication.

Meanwhile, Angola’s crude output declined to 1.651mb/d in April, from 1.652mb/d in March. The decrease in production didn’t affect the ranking of Angola as Africa’s top oil producer; a rank that was once hold by Nigeria.

The report  also revealed that OPEC’s biggest Oil producer, Saudi Arabia, recorded the second largest increase in April as it produced 9.946mb/d, after recording a slide from 9.9mb/d in March.

The report showed an increase in oil production in other OPEC members like Kuwait, which increased its production output by 10,000b/d to 2.710mb/d. Also, The UAE’s oil production increased by 15,000b/d to 2.988mb/d in April.


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