Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.

  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list

Nigerian oil output slips to 2.09 million b/d in October: ministry

Commodities | Agriculture | Biofuels | Energy | Electric Power | Nuclear | Natural Gas | Oil | Crude Oil | Metals | Steel | Coronavirus

Market Movers Europe, Aug 10-14: Key oil reports and state of German steel market eyed


Platts Market Data – Oil

Capital Markets | Commodities | Oil | Crude Oil | Refined Products | Fuel Oil | Gasoline | Jet Fuel | Naphtha | Marine Fuels | Equities | Financial Services | Banking | Non-banks | Private Markets

North American Crude Oil Summit, 3rd annual

Natural Gas | NGL | Oil | Crude Oil | Petrochemicals

Nigeria's Agbami key sticking point in OPEC+ compliance

Nigerian oil output slips to 2.09 million b/d in October: ministry

Lagos — Nigeria's oil production including condensates declined by about 70,000 b/d to 2.09 million b/d in October, compared to the preceding month, according to estimates released Friday by the country's oil ministry.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

The drop comes after a recent upsurge in sabotage attacks on production facilities by oil thieves reported by the Nigerian National Petroleum Corp.

NNPC on November 4 alerted that sabotage attacks on its oil pipelines are on the increase, and could potentially hurt oil production and petroleum products supply by Nigeria. Industry officials and analysts have also expressed concern over a possible upsurge in violence in Nigeria's oil sector ahead of the country's general elections next February.

Output averaged 2,091,776 b/d in October compared with 2.16 million b/d in September, according to the ministry. The government is hoping to see average oil output of 2.3 million b/d this year in order to fund its budget.

Nigerian oil minister Emmanuel Kachikwu told S&P Global Platts on Wednesday that the country's oil output was just below 2 million b/d with crude accounting for around 1.6 million b/d and condensate comprising some 400,000 b/d.

Nigerian output has been steady at around 1.6 million-2 million b/d over the past two years, although still below its full capacity of 2.2 million b/d.

In 2016 output slumped to around-30-year lows of around 1.1 million b/d due to attacks on its key oil infrastructure in the oil-rich Niger Delta.

--Staff Reports,

--Edited by Maurice Geller,

Oilgram News

Platts Oilgram News brings fast-breaking global petroleum and natural gas news every day covering supply and demand trends, corporate news, government actions, exploration, technology, and much more. Click on the link below and we will set you up with a free trial.

Free Trial