Nigeria records second biggest increase in OPEC oil output for December

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Nigeria records second biggest increase in OPEC oil output for December

Crude oil production in Nigeria rose by 88,700 barrels per day last month, the second biggest increase among its peers in the Organisation of Petroleum Exporting Countries.

But the fresh threat by Niger Delta militants to attack some oil and gas facilities in the region may pose a risk to the nation’s oil production. OPEC, in its Monthly Oil Market Report for January released on Friday, put Nigeria’s output at 1.861 million bpd for December, from 1.785 million bpd in the previous month, according to secondary sources.

The 14-member oil group uses secondary sources to monitor its oil output, but also publishes a table of figures submitted by its member countries. Based on direct communication, the nation’s output stood at 1.636 million barrels in December, up from 1.547 million bpd in November.

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