The Guardian Nigeria News - Nigeria and World News guardian.ng 19 Jul, 2021 07:45 am

Nigeria hopeful of improved earnings from OPEC’s 1.8mbpd revised

Nigeria hopeful of improved earnings from OPEC’s 1.8mbpd revised
As the global economy recovers due to accelerated vaccination programmes, the Organisation of Petroleum Exporting Countries (OPEC)

8 million barrels per day of oil production cuts by September 2022 as prices hit a two-year high.829 million barrels per day; 400,000 barrels above what it does presently.48 million barrels of crude in June, its lowest level since January, as some of its large oil fields, especially those in the Niger Delta like Bonny, Escravos, Brass River, and Qua Iboe, are pumping well below their full capacity due to either technical or maintenance problems.OPEC+ agreed in the spring of 2020 to cumulatively cut a historic nearly 10 million barrels per day of crude production as it faced a pandemic-induced crash in oil prices.

8 million barrels per day.16 million barrels per day to 3.

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