NIGERIA'S DAILY CRUDE OIL OUTPUT EXCEEDS 1 MILLION BPD FOR THE FIRST TIME IN THREE MONTHS

Nigeria now produces more crude oil than a million barrels per day (BPD), averaging 1,014,485 BPD in October.

According to the October Crude Oil output data from the Nigerian Upstream Petroleum Regulatory Commission (UPRC), the number indicates a significant increase above August's 972K BPD and September's 937K BPD.

The last time Nigeria's crude oil production output averaged over one million BPD—1,083,899 BPD—was in July, according to NUPRC.

Before this month, 13 of the 29 crude oil ports in Nigeria had a drop between July and September 2022.