As OPEC puts Nigerias crude oil output at 1.547m/d. Oil price hovers at 69 per barrel
THERE were fresh fearsover the execution ofNigerias N54.99 trillion 2025 budget, yesterday, as the Organisation of Petroleum Exporting Countries, OPEC, put Nigerias crude oil output, excluding condensate, at 1.547 million barrels per day, bpd in June 2025.
This showed a marginal increase of 1.24 per cent from 1.528 million bpd recorded in May 2025, according to the organisation.
In its July 2025 Monthly Oil Market Report, MOMR, released yesterday, OPEC said this was based on data from secondary sources.