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Nigeria’s crude output up 51,000bpd to 1.28mbpd in April

Data by the Organization of the Petroleum Exporting Countries shows that Nigeria’s crude oil production rose by 51 thousand barrels to 1.28 million barrels in the month of April. The oil producers group says it expects global oil demand to remain unchanged. Oil futures prices continued to decline in the second half of the month amid heightened volatility, as more signs of easing geopolitical risk prompted profit-taking from traders. Chinnan Dikwal, the Vice Chair at the African Energy Council, joins CNBC Africa to unpack this data.
Tue, 14 May 2024 14:11:47 GMT