Again, crude output drops amid global price crash

As the world battles a global crude price crash, Nigeria’s average daily crude output has fallen again in March, threatening the nation’s budget.

According to data released by the Nigerian Upstream Petroleum Regulatory Commission, the daily crude production figure was an average of 1.40 million barrels per day, down from 1.465 mbpd in February.

The PUNCH reports that in January, crude production grew slightly above the 1.5 mbpd quota…