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Nigerian Crude & Condensate Output Falls to 1.25mbpd in April

OIL

*NIGERIAN CRUDE, CONDENSATE OUTPUT SLUMPED TO 1.25M B/D IN APRIL

*NIGERIAN OIL OUTPUT FELL AMID STRIKE BY EXXON WORKERS – bbg

  • Industrial action in Nigeria resulted in a force majeure at terminals and the cancellation of shipments from several terminals last month.
  • Nigerian crude oil production was 1.517mbpd in March according to the Nigerian Upstream Petroleum Regulatory Commission.

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