Crude Oil Production in Nigeria increased to 1754 BBL/D/1K in May from 1713 BBL/D/1K in April of 2019. Crude Oil Production in Nigeria averaged 1880.91 BBL/D/1K from 1973 until 2019, 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.

Crude Oil Production in Nigeria is expected to be 1550.00 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 1450.00 in 12 months time. In the long-term, the Nigeria Crude Oil Production is projected to trend around 1400.00 BBL/D/1K in 2020, according to our econometric models.

Nigeria Crude Oil Production
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Nigeria Trade Last Previous Highest Lowest Unit
Balance of Trade 450034.62 503798.02 2177553.08 -622103.84 NGN Millions [+]
Current Account -1087.90 1104.57 10383.67 -5695.27 USD Million [+]
Current Account to GDP 2.00 -1.80 32.80 -18.70 percent [+]
Imports 1001962.25 929475.94 2209385.78 167.88 NGN Millions [+]
Exports 1451996.87 1433273.96 2648881.76 322.93 NGN Millions [+]
Terms of Trade 95.10 99.60 160.25 49.48 Index Points [+]
Foreign Direct Investment 1150.51 314.44 3084.90 314.44 USD Million [+]
Capital Flows -4882.78 -2327.91 20302.97 -15439.95 USD Million [+]
Gold Reserves 21.50 21.40 21.50 21.37 Tonnes [+]
Crude Oil Production 1754.00 1713.00 2475.00 675.00 BBL/D/1K [+]
External Debt 21591.68 29591.68 29591.68 3627.50 USD Million [+]
Terrorism Index 8.66 9.01 9.31 3.86 [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Nigeria Crude Oil Production

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 - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1754.00 1713.00 2475.00 675.00 1973 - 2019 BBL/D/1K Monthly
NSA




Country Last Previous
United States 11905.00 Mar/19
Russia 10931.00 Feb/19
Saudi Arabia 9670.00 May/19
Canada 3985.00 Feb/19
China 3780.00 Feb/19
Brazil 2746.00 Feb/19
Mexico 1745.00 Feb/19
United Kingdom 1129.00 Feb/19
Indonesia 768.00 Feb/19
India 683.00 Feb/19
Argentina 486.00 Feb/19
Australia 332.00 Feb/19
Italy 88.00 Feb/19
Turkey 55.00 Feb/19
Germany 38.00 Feb/19
France 16.00 Feb/19
Netherlands 15.00 Feb/19
Japan 3.00 Feb/19
South Africa 1.00 Feb/19
Spain 1.00 Feb/19


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