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The Nexus
BUSINESSJul 13 · 12:49 UTCSEMAFORAlexander Onukwue

Nigeria’s oil output hits six-year high

Nigeria’s daily crude oil production reached a six-year high in June, driven by government security improvements along pipelines. Output hit 1.56 million barrels per day, surpassing OPEC+ quotas, despite past challenges from oil theft and facility vandalism.

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Nigeriaplacecrude oil productiontopicGovernmentorganizationoil receiptstopic$50 billion budgettopic$300 billion lossestopicmilitaryorganizationNiger Delta regionplaceOPEC+organization
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Nigeria’s oil output hits six-year high · The Nexus