Nigerias Oil Output Rises 13 To 1.7m Bpd

Oil prices drop to 72 per barrel

By Udeme Akpan, Energy Editor

Nigerias oil output hasrisen year-on-year, YoY, by 13.3 per cent to 1.7 million barrels per day, bpd, including Condensate, in November 2024, from 1.5 million bpd recorded in the corresponding period of 2023.

But on month-on-month, MoM basis, the nations output rose by 10 per cent to 1.7 million barrels per day, bpd, including Condensate in November 2024, from 1.5 million bpd in October 2024.

According to the Nigerian Upstream Petroleum Regulatory Commission, NUPRCs report - Nigeria Oil Production Output Report - released yesterday, the output is the highest ever to be produced by the nation in 2024.