FG Fiscal Deficit To Hit 6.1% Over Weak Oil Production, Says IMF
Although Angola’s oil production also dropped, but to 1.16 million barrels per day, it is still more than Nigeria
“Crude oil output increased mainly in Saudi Arabia, the UAE and Kuwait, while production in Libya, Nigeria, Iraq, Gabon and Iran declined.
“Preliminary data indicates that global liquids production in May decreased by 0.15 million BPD to an average 98.75 million BPD compared to the previous month.”
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