Nigeria Loses Over $360 Million in Oil Revenue in November Due to Plunge in Crude Output
• Nigeria lost $361.52 million in oil revenue in November due to a plunge in crude output • Oil production fell from 41.9 million barrels in October to 37.5 million barrels in November • The plunge in output equals a loss of $289.6 billion for Nigeria • The government insists Nigeria will still meet its 2024 budget benchmark of 1.7 million barrels per day • The Minister of State for Petroleum Resources reaffirmed Nigeria's commitment to OPEC objectives