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Wednesday, July 20, 2016

Nigeria Records Largest Rise in Output of Oil Export Since 2008


NIGERIAN OUTPUT REBOUNDS

The largest rise in output came from Nigeria, where production rose 150,000 b/d to 1.57 million b/d, due largely to the return of its largest export grade, Qua Iboe, as production and exports resumed at the end of May.

Nigerian production hit 30-year lows in May as militancy continued in the country's oil rich Niger Delta.

June OPEC Output of 32.73 Mil. Barrels of Crude Per Day, Highest Since Aug. 2008: S&P Global Platts
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