OPEC Warns Disruption to Global Trade Flows could Offset Positive Oil Impact in Nigeria

Parvin Faghfouri Azar March 16, 2022 Oil, Top News Leave a comment 1 Views

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.

Tags

About Parvin Faghfouri Azar

Check Also

Wind Overtakes Fossil Fuels as the UK’s Largest Power Generation Source

The UK saw two consecutive quarters of wind power overtaking fossil fuels as the single-largest …

Leave a Reply

Your email address will not be published. Required fields are marked *

Design & Developed by: Arya Media Group
© 2020 | All Rights Reserved by ARYA MEDIA GROUP.