The document, which was obtained in Lagos, showed that the country’s crude oil production averaged 1.42mbpd in May.
The OPEC scribe stressed that its potential loss, through either sanctions or voluntary actions, is rippling through energy markets.
International companies are thought to be concentrating on deep-water areas in order to avoid the difficulties of operating in close proximity to local inhabitants.
The drop follows a decrease of 24,000 barrels per day compared to the 1.378 million barrels per day produced on average in February 2022.
OPEC fear the war in Ukraine could have significant consequences on geopolitics, global economy and even the world order.
“Investments have not recovered since a global level of $700 billion was witnessed in 2014…”
On Tuesday, Brent crude oil futures stuck near three-year highs, with U.S. benchmark crude close to 2014 peaks.
Brent oil was up $1.28, or two percent, to $63.98 a barrel by 1050 GMT.
U.S. West Texas Intermediate (WTI) crude fell 18 cents, or 0.3 percent, to $60.46 a barrel.
