Nigerias Oil Output Excluding Condensate Rises 6.3 To 1.507m Bpd

Nigerias oil output,excluding condensate, increased year-on-year YoY by 6.3 per cent to 1.507 million bpd in December 2024, from 1.418 million bpd recorded in the corresponding period of 2023.

However, on a month-on-month MoM basis, the nations oil output, excluding condensate, increased by 2 per cent from 1.477 million bpd in November 2024, according to the Organisation of Petroleum Exporting Countries OPEC.

In its just-released January 2024 Monthly Oil Market Report MOMR, obtained by Vanguard, the organization disclosed that this was based on data obtained from secondary sources.