MNI China Daily Summary: Monday, January 6

MNI: UK FINAL DEC SRVICES PMI 51.1 (FLASH 51.4); NOV 50.4

MNI INTERVIEW2: China Central Gov Should Buy Unsold Houses

MNI China Press Digest Jan 6: PBOC Bills, Yuan, Capital Market

MNI: China CFETS Yuan Index Up 0.62% In Week of Jan 3

MNI: PBOC Net Drains CNY75.0 Bln via OMO Monday

MNI: EUROZONE FINAL DEC COMPOSITE PMI 49.6 (FLASH 49.5); NOV 48.3

MNI: GERMANY FINAL DEC SRVCS PMI 51.2 (FLASH 51.0); NOV 49.3

MNI: FRANCE FINAL DEC SRVCS PMI 49.3 (FLASH 48.2); NOV 46.9

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

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

OIL: Nigeria Expects Oil Output to Rise 30% on the Year

OIL
BulletEnergy BulletsCommodities

Nigeria expects a 30% increase in crude and condensate output as authorities strengthen security around the nation’s oil infrastructure.

  • Output will reach 2m b/d before the end of the year, up from 1.54m b/d
  • “As at today the country’s crude oil production plus condensate is 1.8 million barrels per day and we’re pushing, working with everyone to increase it to two million barrels a day before December,” Enorense Amadasu, executive commissioner for the Nigerian Upstream Petroleum Regulatory Commission said.
  • However, such a gain could cause Nigeria to overshoot its OPEC quota of 1.5m b/d, Bloomberg said.

 

Keep reading...Show less
95 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.

Nigeria expects a 30% increase in crude and condensate output as authorities strengthen security around the nation’s oil infrastructure.

  • Output will reach 2m b/d before the end of the year, up from 1.54m b/d
  • “As at today the country’s crude oil production plus condensate is 1.8 million barrels per day and we’re pushing, working with everyone to increase it to two million barrels a day before December,” Enorense Amadasu, executive commissioner for the Nigerian Upstream Petroleum Regulatory Commission said.
  • However, such a gain could cause Nigeria to overshoot its OPEC quota of 1.5m b/d, Bloomberg said.

 

Keep reading...Show less