Nigeria’s Crude Oil Output Hits Over Six-year High of 1.73m Bpd

Nigeria's crude oil and condensate production surged to an average of 1.735 million barrels per day in June 2026, marking the highest output in over six years. This significant increase means the nation met 104% of its production quota set by the Organization of the Petroleum Exporting Countries (OPEC). The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) reported that crude oil production alone averaged 1.56 million barrels per day, with an additional 0.18 million barrels per day of condensates. This level of crude oil output is the highest recorded since April 2020. The upward trend has been consistent for four consecutive months, showing a month-on-month growth of 2.2% in June. The peak combined production in June reached 1.89 million barrels per day, suggesting Nigeria's potential to reach 2 million barrels per day in the near future. The NUPRC attributed this enhanced performance to stable production operations across most assets and a notable absence of major pipeline outages. Improved operational stability led to better production uptime and more efficient crude evacuation. While a few assets experienced brief shutdowns, their overall impact on national production was minimal. Scheduled maintenance activities were also managed effectively without significant disruptions. The commission highlighted the sustained growth as a reflection of the ongoing commitment from operators and stakeholders to boost operational efficiency, maintain asset integrity, and ensure production reliability within the Nigerian upstream petroleum sector. Key terminals like Bonny and Forcados saw increased production, while Qua Iboe experienced a slight decrease and Escravos showed a modest rise compared to May 2026.

“

Nigeria’s crude oil and condensate production soared to an average of 1.735 barrels per day in the month of June 2026, representing positive growth for a 4th consecutive month