For October 2022, Nigeria has remained the third-largest crude oil output in Africa. Algeria, Angola, and Nigeria are the top three crude oil producers in the continent as of October 2022.
Other significant OPEC producers: Saudi Arabia reported 10 million barrels per day in October 2022, a modest decrease from the 11 million barrels per day in September 2022, according to direct communication statistics.
Iraq’s oil production decreased by 11% over the time under discussion, from 4.65 million barrels per day in October 2022 to 4.66 million barrels per day in September.
For the record, OPEC estimates that global oil consumption will increase by 0.1 million barrels per day less in 2022 than it did last month.