Crude oil production opened strongly in January at 47.70 million barrels before declining to 41.02 million barrels in February. Output recovered to 43.42 million barrels in March and rose further to 44.57 million barrels in April. In the third quarter, output climbed to 46.73 million barrels in July before falling to 44.47 million barrels in August and dropping further to 41.69 million barrels in September. Production rebounded in the final quarter, reaching 43.44 million barrels in October, 43.08 million barrels in November and 44.08 million barrels in December. Using the simple average of the 10 monthly prices published by the CBN, crude oil prices averaged $72.08 per barrel in 2025.