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Nigerian Rebound Restores OPEC Output To 24.78Mn B/D In September

With Nigerian output staging a rapid recovery after the collapse of atwo-month labor strike in early September, OPEC crude oil production rose to24.78mn b/d in September, up 330,000 b/d from 24.45mn b/d in August, accordingto MEES estimates (see table below).

Nigeria's output is estimated to have averaged 1.82mn b/d in September - up350,000 b/d from 1.47mn b/d in August - and to have reached...