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Monthly oil production in Nigeria 2019-2020

Nigeria is one of the largest oil producers in the world. In 2020, its daily production exceeded two million barrels. According to monthly data published by Nairametrics, Nigeria's oil production decreased to 1.75 million barrels per day during May 2020. This figure experienced a decrease due to the impact of COVID-19 and the related lower demand, which also led prices to sink. The largest drop in gasoline prices was registered in April 2020, when the average price decreased by ten percent compared to the previous month. Similarly, diesel prices paid by consumers in Nigeria recorded the most significant drop of the year in May 2020.

Monthly crude oil production in Nigeria from September 2019 to May 2020

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Source

In cooperation with
Nairametrics
Release date

September 2020

Region

Nigeria

Survey time period

September 2019 to May 2020

Supplementary notes

Figures have been rounded.

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Statistics on "Oil industry in Nigeria"

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