Nigeria's daily oil production rises 2.3% to 1.74mbpd

Nigeria's average daily crude oil and condensate production climbed to 1.74 million barrels per day in June 2026, marking a 2.3% increase from the 1.70 million barrels per day recorded in May. This rise, driven by an increase in crude oil output to 1.56 million barrels per day, allowed the nation to surpass its Organization of the Petroleum Exporting Countries (OPEC) production quota for the second month in a row.

Data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) revealed that crude oil production, excluding condensates, rose to 1.56 million barrels per day in June, up from 1.53 million barrels per day in May. This figure represents 104% of Nigeria's 1.5 million barrels per day OPEC quota, achieving the country's highest crude oil production level since April 2020.

The commission reported a steady production improvement from February's 1.483 million barrels per day through to June's 1.735 million barrels per day. This sustained growth is credited to stable production operations across most assets and the absence of significant pipeline outages, which boosted uptime and crude evacuation efficiency. While some producing assets experienced brief shutdowns, their impact on national output was minimal.

NUPRC further noted that Nigeria's combined crude oil and condensate production peaked at 1.89 million barrels per day in June, indicating a growing capacity to approach the two million barrels per day target. Production figures varied by export terminal, with Bonny Terminal leading at 318.28 thousand barrels per day, followed by Forcados Terminal at 306.36 thousand barrels per day.