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Home Videos

Nigeria Crude Oil Output Grows, Nears OPEC+ Quota

DeFi Daily News by DeFi Daily News
January 24, 2025
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Nigeria Crude Oil Output Grows, Nears OPEC+ Quota
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Nigeria has emerged from a years-long crude output slump due to improved security, reaching 1.48 million barrels a day last month. Analysts predict further growth in Africa’s biggest crude producer’s output this year, and a possible showdown with OPEC+ over the country’s quota. Bloomberg’s Ondiro Oganga reports.
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Tags: africaAfrica economyBloombergBloomberg NewsBloomberg TVCrudeEconomyenergyFederal Republic of NigeriaGrowsMarketNearsNigeriaOiloil marketOil productionOPECOutputPoliticsproductionQuotasecurity
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