Nigerian political stability boosts oil production

ist-7309225-oilpumpjack

Nigeria's crude oil output has risen by 1.5% from the previous year, amid "a more friendly working environment in the southern Niger River delta oil region", says state-owned Nigerian National Petroleum Corporation (NNPC).

Production rose from 768.7 million barrels in 2009, to reach 780 million barrels with a daily average of 2.14 million barrels per day (b/d) compared with 2.1 b/d the year before, in Africa's largest oil producing nation.

However, the oil markets have long kept a wary eye on Ni