MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Japan Nov CGPI Rises 3.7% Y/Y, Import Prices Drop

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.14B BSL

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

OIL: Nigeria Crude Ouptut in August Rises to Highest Since January

OIL
BulletEnergy BulletsCommodities

Combined crude oil and condensates output from Nigeria edged up to 1.57mb/d in August compared to 1.53mb/d in July, according to data from the upstream petroleum regulatory commission.

  • Total crude oil output was the highest since January at 1.35mb/d, up from 1.31mb/d in July.
  • Nigeria’s oil output has risen after the government tightened security measures to reduce crude theft.
  • Forcados production climbed from 7.8mbbl in July to 9mbbl to reach the highest monthly volumes in data back to January 2020.
  • Output of Amenam, Bonga, Bonny, Brass, Erha, Forcados, Okwuibome and Utapate all rose m/m in August but output fell for Agbami, Egina, Escravos and Qua Iboe.
102 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Combined crude oil and condensates output from Nigeria edged up to 1.57mb/d in August compared to 1.53mb/d in July, according to data from the upstream petroleum regulatory commission.

  • Total crude oil output was the highest since January at 1.35mb/d, up from 1.31mb/d in July.
  • Nigeria’s oil output has risen after the government tightened security measures to reduce crude theft.
  • Forcados production climbed from 7.8mbbl in July to 9mbbl to reach the highest monthly volumes in data back to January 2020.
  • Output of Amenam, Bonga, Bonny, Brass, Erha, Forcados, Okwuibome and Utapate all rose m/m in August but output fell for Agbami, Egina, Escravos and Qua Iboe.