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The Organisation of Petroleum Exporting Countries (OPEC) has revealed that Nigeria’s crude oil production fell to 1.417 million barrels per day in the month of February compared to 1.427 for the month of January.
OPEC revealed this in its Monthly Oil Market report, warning that disruption to global trade flows and supply shortages could offset the positive impact of increased oil prices for Nigeria.
Reuters survey had reported that Nigeria produced 1.46 million barrels a day in January 2022, from a monthly output target of 1,683,000 BPD.
