 The Organization of Petroleum Exporting Countries OPEC says Nigeria's crude oil production increased on average of 1.238 million barrels per day in June 2022. OPEC made this known in its oil market report for July 2022. The report said the figure showed an increase of 5,000 barrels per day when compared to the 1.233 million barrels per day produced averagely in the month of May 2022. It said despite the improvement on in fossil fuel prices, the short-term economic outlook for Nigeria was clouded by high inflation, which had refused private sector optimism and weakened consumer spending.