Nigeria drops to 7th on OPEC crude oil production list for November
Nigeria has dropped from 5th to 7th in ranking on the Crude Oil Production list of the Organisation of Petroleum Exporting Countries (OPEC), according to the group’s newly-released Monthly Oil Market Report for November, 2022.
The report examines oil production performance in October across member states.
Nigeria’s output for the month of October was 1.014 million barrels per day, ranking seventh after Saudi Arabia, United Arab Emirates (UAE), Kuwait, Iraq, Angola and Algeria.
While Nigeria’s production was 1.014mb/d in October, Angola produced 1. 051mb/d; Algeria, 1.060mb/d; Kuwait 2.811mb/d; UAE, 3.188mb/d; Iraq, 4.651mb/d; and Saudi Arabia, 10. 957mb/d.
Also, Venezuela’s production was 711b/d, Equatorial Guinea was 57b/d while, Gabon, Libya and Iran did not produce a barrel in the month.
