Crude Oil Production in Nigeria decreased to 1411 BBL/D/1K in June from 1436 BBL/D/1K in May of 2020.
Crude Oil Production in Nigeria averaged 1876.64 BBL/D/1K from 1973 until 2020, reaching an all time high of 2475 BBL/D/1K in November of 2005 and a record low of 675 BBL/D/1K in February of 1983. This page provides the latest reported value for - Nigeria Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Nigeria Crude Oil Production - values, historical data and charts - was last updated on August of 2020. source: Organization of the Petroleum Exporting Countries
Crude Oil Production in Nigeria is expected to be 1750.00 BBL/D/1K by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Crude Oil Production in Nigeria to stand at 1780.00 in 12 months time. In the long-term, the Nigeria Crude Oil Production is projected to trend around 1900.00 BBL/D/1K in 2021 and 1850.00 BBL/D/1K in 2022, according to our econometric models.