Nigeria meets 104% of OPEC quota as crude oil production hits 74-month high

Nigeria's crude oil production surged in June 2026, averaging 1.56 million barrels per day and exceeding its quota set by the Organization of the Petroleum Exporting Countries (OPEC). This achievement represents the highest production level in more than six years, with the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) reporting that the output met 104% of the country's 1.5 million barrels per day quota.

The NUPRC disclosed that Nigeria produced an average of 1,735,398 barrels per day of crude oil and condensates during June, marking the fourth consecutive month of production growth. The figure includes 1.56 million barrels per day of crude oil and 180,000 barrels per day of condensates. In strict crude oil terms, excluding condensates, the 1.56 million daily average is the highest recorded since April 2020, a span of 74 months.

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In strict crude oil terms, excluding condensates, the 1.56 million daily average production Nigeria witnessed in June is the highest that Africa’s biggest oil producer has recorded since April 2020, thus representing a 74-month high.

This improved output is attributed to stable operations across most producing assets and a lack of significant pipeline disruptions during the period. The NUPRC stated that the enhanced operational environment led to increased production uptime and more efficient crude oil evacuation. The commission highlighted that the peak production level achieved in June demonstrates Nigeria's capacity to reach its target of two million barrels per day in the near future.

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The peak production level demonstrated Nigeria’s potential to achieve its target of two million barrels per day in the near term.