Crude Oil Production in Nigeria increased to 1779 BBL/D/1K in April from 1732 BBL/D/1K in March of 2019. Crude Oil Production in Nigeria averaged 1881.26 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 789468.78 400661.49 2177553.08 -622103.84 NGN Millions [+]
Current Account 1104.57 -1544.41 10383.67 -5695.27 USD Million [+]
Current Account to GDP 2.00 -1.80 32.80 -18.70 percent [+]
Imports 943616.31 1259407.56 2209385.78 167.88 NGN Millions [+]
Exports 1733085.08 1660069.04 2648881.76 322.93 NGN Millions [+]
Terms of Trade 95.10 99.60 160.25 49.48 Index Points [+]
Foreign Direct Investment 438.84 435.64 3084.90 435.64 USD Million [+]
Capital Flows -2327.91 10724.18 20302.97 -15439.95 USD Million [+]
Gold Reserves 21.40 21.40 21.40 21.37 Tonnes [+]
Crude Oil Production 1779.00 1732.00 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 May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1779.00 1732.00 2475.00 675.00 1973 - 2019 BBL/D/1K Monthly
NSA




Country Last Previous
United States 11683.00 Feb/19
Russia 10973.00 Jan/19
Saudi Arabia 9807.00 Apr/19
Canada 3887.00 Jan/19
China 3812.00 Jan/19
Brazil 2631.00 Jan/19
Mexico 1647.00 Jan/19
United Kingdom 1115.18 Jan/19
Indonesia 772.00 Jan/19
India 686.00 Jan/19
Argentina 500.00 Jan/19
Australia 331.00 Jan/19
Italy 87.00 Jan/19
Turkey 54.00 Jan/19
Germany 39.00 Jan/19
Netherlands 19.00 Jan/19
France 15.00 Jan/19
Japan 3.00 Jan/19
South Africa 1.00 Jan/19
Spain 1.00 Jan/19


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