Nigeria's Crude Oil Exports to Surpass One-Year High in August

22 June 2017

Nigeria's crude oil exports are set to surpass two million barrels per day (bpd) in August, the highest in 17 months, as the country's oil and gas industry nears a full recovery from attacks by the Niger Delta militants that crippled production in 2016.

It is expected that if the ramp-up in Nigeria's production is sustained, it will put further pressure on efforts by the Organisation of the Petroleum Exporting Countries (OPEC) to trim output in support of oil prices.

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