US oil production tops 10 million barrels a day for first time since 1970

• U.S. crude oil production broke 10 million barrels a day in November for the first time since production peaked in 1970, at the start of a decades long decline.
• The U.S. is the world's third largest oil producer, and its status is growing. Russia is the largest, with about 11 million barrels a day. The U.S. output rivals Saudi Arabia, which has had production of 10.6 million barrels a day, but currently has cut back due to the OPEC deal with Russia and others to keep supply off the market.
• The U.S. production is expected to expand and could top 12 million barrels a day by the end of 2019, according to Dan Yergin, IHS Markit Vice Chairman.

While in Nigeria;

As at February 2017, proven oil reserves in Nigeria are about 37.2 billion barrels and daily crude production is about 1.6 million barrels. Since the discovery of oil in 1958, oil has been the major source of government revenue, accounting for about 80% of total government revenue.

Crude oil produced in Nigeria is primarily for export purposes.

There has been no reported shale oil exploration in Nigeria. However, the federal government has expressed a readiness to join the shale gas revolution in the next decade.