Trading & Financial News
No Result
View All Result
Sunday, July 13, 2025
  • Login
  • Economy
  • Markets
  • Forex News
  • Investing
  • Stock Trading
  • Crypto
Subscribe
Trading & Financial News
  • Economy
  • Markets
  • Forex News
  • Investing
  • Stock Trading
  • Crypto
No Result
View All Result
Trading & Financial News
No Result
View All Result
Home Markets

Top 5 African countries that produced the most oil in May 2025

by Tradinghow
June 26, 2025
in Markets
A A
0
Top 5 African countries that produced the most oil in May 2025
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter


According to the latest OPEC report, the month of May saw the OPEC Reference Basket (ORB) fall by $5.36, or 7.8%, month on month (m-o-m), to $63.62/b.

Additionally, the ICE Brent front-month contract fell by $2.45, or 3.7%, month on month to average $64.01/b, while the NYMEX WTI front-month contract fell by $2.02, or 3.2%, to $60.94/b.

“The global economy maintained a stable growth trajectory, supported by healthy 1Q25 growth and tentative progress in US trade negotiations,” the report stated.

“The global economic growth forecasts remain unchanged at 2.9% for 2025 and 3.1% for 2026,” it added.

According to last month’s estimate, the global oil demand growth prediction for 2025 is still 1.3 mb/d, year-over-year (y-o-y). A few small revisions were made, mostly to the 1Q25 real data.

In 2025, the OECD expects oil consumption to increase by around 0.2 mb/d, whereas non-OECD demand is expected to increase by over 1.1 mb/d.

In contrast, the supply of non-DoC liquids is expected to increase by around 0.8 mb/d, year over year, in 2025, according to the same prediction made last month.

Argentina, Canada, Brazil, and the United States are anticipated to be the primary growth engines.

The report also notes that for the second half of the year, supply output in Africa and some Asian markets is projected to experience very significant declines.

However, some African countries are still churning out decent amounts of crude.

With that said, here are the African countries with the highest oil production last month in thousand barrels per day (tb/d), according to OPEC’s latest report.

Save Congo, all other African countries on the list experienced an increase in oil-production compared to last month.

Top 5 African countries that produced the most oil in May 2025

Rank Country DoC crude oil production based on secondary sources, tb/d Change between May and April

1.

Nigeria

1,544

22

2.

Libya

1,302

36

3.

Algeria

921

9

4.

Congo

253

-6

5.

Gabon

233

12



Source link

https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB
  • Trending
  • Comments
  • Latest
The Evolving International Cannabis Landscape

The Evolving International Cannabis Landscape

March 20, 2024
UK Faces Two Decades of No Earnings Growth and More Austerity

UK Faces Two Decades of No Earnings Growth and More Austerity

July 29, 2023
Uniswap Launches Permissionless Bridging Across 9 Networks

Uniswap Launches Permissionless Bridging Across 9 Networks

October 24, 2024
China tech groups lead multibillion-dollar campaign to help exporters sell at home

China tech groups lead multibillion-dollar campaign to help exporters sell at home

April 20, 2025
High Street Retailers Pin Hopes On Discount Splurge In Black Friday Fever

High Street Retailers Pin Hopes On Discount Splurge In Black Friday Fever

0
UK Faces Two Decades of No Earnings Growth and More Austerity

UK Faces Two Decades of No Earnings Growth and More Austerity

0
Learn how to trade. For beginners

Learn how to trade. For beginners

0
Trading for beginners

Trading for beginners

0
Rubio Meets Wang in KL, Says Good Chance of Trump-Xi Talks

Rubio Meets Wang in KL, Says Good Chance of Trump-Xi Talks

July 13, 2025
Is AI the future of web browsing? | Technology News

Is AI the future of web browsing? | Technology News

July 13, 2025
The Little-Known Credit Holding Up the Clean Fuel Market

The Little-Known Credit Holding Up the Clean Fuel Market

July 13, 2025
Africa’s four richest men hold .4 billion, now wealthier than half the continent

Africa’s four richest men hold $57.4 billion, now wealthier than half the continent

July 12, 2025

Recent News

Rubio Meets Wang in KL, Says Good Chance of Trump-Xi Talks

Rubio Meets Wang in KL, Says Good Chance of Trump-Xi Talks

July 13, 2025
Is AI the future of web browsing? | Technology News

Is AI the future of web browsing? | Technology News

July 13, 2025

Categories

  • Business
  • Crypto
  • Economy
  • Forex News
  • Investing
  • Markets
  • More
  • Stock Trading
  • Trading for beginners

Site Navigation

  • Home
  • Contact Us
  • Stock Trading
  • Markets
  • Investing
  • Other Links
  • Privacy & Policy
Trading & Financial News

We bring you the fastest breaking news on Trading, forex, and finance submitted from credible and reliable news sources around the world.

© 2023 Tradinghow Useful forex analysis and financial news, submitted by credible news sources around the world.tradinghow.

No Result
View All Result
  • Contact Us
  • Home
  • Economy
  • Crypto
  • Investing
  • Markets
  • Forex News
  • Stock Trading

© 2023 Tradinghow Useful forex analysis and financial news, submitted by credible news sources around the world.tradinghow.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In