{"id":344056,"date":"2011-03-28T09:02:22","date_gmt":"2011-03-28T09:02:22","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/03\/28\/nigeria-oil-production-steadies\/"},"modified":"2011-03-28T09:02:22","modified_gmt":"2011-03-28T09:02:22","slug":"nigeria-oil-production-steadies","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/03\/28\/nigeria-oil-production-steadies\/","title":{"rendered":"Nigeria: Oil Production Steadies"},"content":{"rendered":"<div readability=\"46.044554455446\">\n<hr class=\"thin clear\" \/><!-- close google_banner_mid div ---><\/p>\n<hr class=\"thin clear\" \/>\n<p>\n<a href=\"http:\/\/www.independentngonline.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Daily Independent<\/a> (Lagos)\n<\/p>\n<p><!-- begin story layout piece here --><\/p>\n<p>Adeola Yusuf with agency reports<\/p>\n<p>27 March 2011<\/p>\n<hr class=\"thin clear\" \/>\n<p>Lagos \u2014 Nigeria steadied oil production at 2.4 million barrels per day (bpd) at the weekend and crude prices on the international market rose.<\/p>\n<p>Economists predicted that the world would keep consuming more oil even with the disasters in Japan and the intifadas in North Africa and the Middle East.<\/p>\n<p><!-- close google_inset_a div ---><\/p>\n<p>Major oil producers like Saudi Arabia have cranked up production to make up for lost Libyan oil. While this increases the flow of oil right now, it also cuts off spare production that could have been tapped later this year to meet increasing world demand.<\/p>\n<p>Spare production capacity, which was thought to be around five million bpd earlier this year, has since dropped to about three million barrels.<\/p>\n<p>Traders are carefully assessing economic strength in the United States, which consumes about 22 per cent of the world&#8217;s daily output.<\/p>\n<p>High oil prices could hurt growth. American Government reports gave a mixed reading last week.<\/p>\n<p>The U.S. said home construction has nearly come to a halt and that companies trimmed orders for long-lasting manufactured goods. But it also added that oil demand keeps rising despite a 49-cent increase in pump price since the year began.<\/p>\n<p>Benchmark West Texas Intermediate crude for May delivery settled at $105.40 per barrel (pb) on the New York Mercantile Exchange on Friday.<\/p>\n<p><!-- end story layout piece here --><\/p>\n<p><!-- close google_banner_subbody div ---><\/p>\n<fieldset>\n<legend align=\"center\"><b>More News on allAfrica.com<\/b><\/legend>\n<\/fieldset>\n<p>AllAfrica &#8211; All the Time<\/p>\n<hr \/>\n<\/div>\n<p>Read this article:<br \/>\n<a target=\"_blank\" href=\"http:\/\/allafrica.com\/stories\/201103280645.html\" title=\"Nigeria: Oil Production Steadies\" rel=\"noopener noreferrer\">Nigeria: Oil Production Steadies<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> Daily Independent (Lagos) Adeola Yusuf with agency reports 27 March 2011 Lagos \u2014 Nigeria steadied oil production at 2.4 million barrels per day (bpd) at the weekend and crude prices on the international market rose. Economists predicted that the world would keep consuming more oil even with the disasters in Japan and the intifadas in North Africa and the Middle East. Major oil producers like Saudi Arabia have cranked up production to make up for lost Libyan oil<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-344056","post","type-post","status-publish","format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Nigeria: Oil Production Steadies - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/03\/28\/nigeria-oil-production-steadies\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Nigeria: Oil Production Steadies - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Daily Independent (Lagos) Adeola Yusuf with agency reports 27 March 2011 Lagos \u2014 Nigeria steadied oil production at 2.4 million barrels per day (bpd) at the weekend and crude prices on the international market rose. Economists predicted that the world would keep consuming more oil even with the disasters in Japan and the intifadas in North Africa and the Middle East. Major oil producers like Saudi Arabia have cranked up production to make up for lost Libyan oil\" \/>\n<meta name=\"twitter:creator\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:site\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/28\/nigeria-oil-production-steadies\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/28\/nigeria-oil-production-steadies\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Nigeria: Oil Production Steadies\",\"datePublished\":\"2011-03-28T09:02:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/28\/nigeria-oil-production-steadies\/\"},\"wordCount\":244,\"commentCount\":0,\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/03\/28\/nigeria-oil-production-steadies\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/28\/nigeria-oil-production-steadies\/\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/03\/28\/nigeria-oil-production-steadies\/\",\"name\":\"Nigeria: Oil Production Steadies - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\"},\"datePublished\":\"2011-03-28T09:02:22+00:00\",\"author\":{\"@id\":\"\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/03\/28\/nigeria-oil-production-steadies\/\"]}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/\",\"name\":\"Ghanamma.com\",\"description\":\"News In Ghana - Latest Ghana News Headlines\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ghanamma.com\/2011\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Nigeria: Oil Production Steadies - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2011\/03\/28\/nigeria-oil-production-steadies\/","twitter_card":"summary_large_image","twitter_title":"Nigeria: Oil Production Steadies - Ghanamma.com","twitter_description":"Daily Independent (Lagos) Adeola Yusuf with agency reports 27 March 2011 Lagos \u2014 Nigeria steadied oil production at 2.4 million barrels per day (bpd) at the weekend and crude prices on the international market rose. Economists predicted that the world would keep consuming more oil even with the disasters in Japan and the intifadas in North Africa and the Middle East. 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