According to the Organization of Petroleum Exporting Countries (OPEC), Nigeria’s oil output, excluding condensate, increased 6.3% year over year (YoY) to 1.507 million barrels per day in December 2024 from 1.418 million barrels per day in the same period in 2023.
On a month-over-month (MoM) basis, however, the country’s oil output, excluding condensate, increased 2% to 1.507 million barrels per day in December 2024 from 1.477 million barrels per day in November 2024.
The Organization’s January 2024 Monthly Oil Market Report (MOMR) revealed that the data was derived from secondary sources.
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