May oil output generates N1.3tn, production hits 36million barrels

Nigeria’s oil production increased by 6.73 million barrels to 36.7 million barrels in May 2023, leading to a cumulative revenue of about N1.27tn in the month under review. Data obtained on Friday from the latest Monthly Oil Market Report of the Organisation of Petroleum Exporting Countries for June 2023, indicated that crude oil output from