By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Daily Report NigeriaDaily Report NigeriaDaily Report Nigeria
Notification Show More
Font ResizerAa
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Reading: Nigeria’s Oil Output Surges 13% to 1.7 Million BPD in November
Share
Font ResizerAa
Daily Report NigeriaDaily Report Nigeria
  • METRO
  • NEWS
  • POLITICS
  • SPECIAL REPORT
  • FACT FILE
Search
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Have an existing account? Sign In
Follow US

Home | Nigeria’s Oil Output Surges 13% to 1.7 Million BPD in November

Business

Nigeria’s Oil Output Surges 13% to 1.7 Million BPD in November

Olaitan Sodiq
Olaitan Sodiq
Published: June 4, 2025
Last updated: June 4, 2025
1 Min Read
Share
Nigeria’s Crude Oil Production Increases to 1.41mbpd
SHARE

Nigeria’s oil production has seen a significant rise, increasing by 13.3% year-on-year (YoY) to 1.7 million barrels per day (bpd), including condensate, for November 2024.

This is up from 1.5 million bpd in the same month of 2023.

The country also saw a month-on-month (MoM) increase of 10%, with November’s output surpassing the 1.5 million bpd recorded in October 2024, marking the highest level of oil production for the year.

According to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) in its latest oil production report, this surge reflects an optimistic outlook for the country’s economy.

ATTENTION: Click “HERE” to join our WhatsApp group and receive News updates directly on your WhatsApp!

READ ALSO: Oando Boosts Oil Production by 50% After Agip Acquisition

Experts view this growth as positive for Nigeria’s 2025 budget, which is based on an anticipated 1.7 million bpd output and an oil price forecast of $75 per barrel.

While oil prices showed a slight decline on global markets, with Brent crude falling by 0.11% to $72.06 per barrel, the output surge provides a buffer for the nation’s financial outlook.

 

For publication of Press Releases, Statements, and Advert Inquiries, send an email to info@dailyreport.ng
TAGGED:Oil outputTop Stories
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published.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

Latest Updates

Davido Reveals He Spent $3.7 Million in Cash on His White Wedding to Chioma | Daily Report Nigeria
Davido Reveals He Spent $3.7 Million in Cash on His White Wedding to Chioma
Entertainment
Mr Eazi and Temi Otedola Tie the Knot in Private Iceland Ceremony | Daily Report Nigeria
Mr Eazi and Temi Otedola Tie the Knot in Private Iceland Ceremony
Entertainment
“Chelsea are my best customer” – Brighton CEO Tony Bloom | Daily Report Nigeria
“Chelsea are my best customer” – Brighton CEO Tony Bloom
Sports
Former Agriculture Minister Audu Ogbeh Dies at 78 | Daily Report Nigeria
Former Agriculture Minister Audu Ogbeh Dies at 78
News
2023: Put Nigeria First,  Goodluck Jonathan Tells Politicians
Lamido Declares Jonathan PDP’s Best Hope for 2027 Presidency
Politics

TOPIC

2023 Elections Abuja Accident AFCON Anambra APC Arrest ASUU ASUU Strike Atiku Abubakar Bandits Bayelsa BBNaija Biafra Boko Haram Bola Ahmed Tinubu Bola Tinubu Breaking News Breaking News Nigeria Burna Boy Burutu CBN Celebrity news Chelsea Coronavirus court covid-19 Crime Daily Report Ng Daily Report Nigeria Daily Sports News Davido Delta Delta state DSS Education EFCC Elections English Premier League EPL Family federal government FG FIFA World Cup Football Fraud Godwin Emefiele Goodluck Jonathan Governor Nyesom Wike Gunmen Health Ifeanyi Okowa Imo INEC Insecurity IPOB IYC JAMB Kaduna Kidnap Labour Party Lagos Lagos State Manchester United Marriage Muhammadu buhari Music NASS NDDC NDLEA Niger Delta Nigeria NLC Nnamdi Kanu NNPC Nollywood Nyesom Wike Olusegun Obasanjo Pastor PDP Peter Obi Police Politicians President Bola Ahmed Tinubu President Muhammadu buhari Professor Yemi Osinbajo Protest Rape Reno Omokri Rivers State Senate Sheriff Oborevwori Social Media Suicide Super Eagles Tinubu Top Stories Twitter Victor Osimhen Zamfara

You Might Also Like

READ MORE FROM DAILY REPORT NIGERIA Supreme Court Takes Decision on Atiku's Appeal Against Tinubu Senate Moves to Unbundle INEC, Implement Diaspora Voting Court Sacks Senate Minority Leader, Simon Mwadkwon Shell to Return Operational Headquarters to Delta NNPCL Reacts as Fire Guts Warri RefineryRefinery NASS Dragged to Court Over N57.6bn SUVs Tinubu Dragged to ECOWAS Over Certificate Forgery NUC Warns NBTE Against Top-up Degree Program For Polytechnic Graduates Nigeria Ranked Second Most Praying Nation on Earth CBN Lifts Ban on Importation of 43 Items (FULL LIST) Lamentations as Cooking Gas Price Hits N1,200 Per KG Queues Return as Fuel Price Hits N1000 in Abuja
Politics

INEC Delists Sylva From Bayelsa Governorship Candidates List

June 13, 2025
PDP Chieftain Warns Atiku to Abandon 2027 Presidential Ambition | Daily Report Nigeria
Politics

PDP Chieftain Warns Atiku to Abandon 2027 Presidential Ambition

June 13, 2025
HOSTCOM Demands Fair Share, Seeks Upward Review of 3% Fee | Daily Report Nigeria
News

HOSTCOM Demands Fair Share, Seeks Upward Review of 3% Fee

June 14, 2025
BREAKING: Crisis In Abuja As Okada Riders, Traders Clash | Daily Report Nigeria
Metro

BREAKING: Crisis In Abuja As Okada Riders, Traders Clash

January 11, 2025
© Daily Media N Publishing LTD. All Rights Reserved.
  • Home
  • About Us
  • Adverts With Us
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?