Nigeria’s oil output falls 37,000bpd to 1.546m bpd — OPEC

Nigeria's crude oil output experienced a notable decline in July 2026, falling by 37,000 barrels per day to settle at 1.546 million bpd. This marks a decrease from the 1.583 million bpd recorded in June, according to the latest report from the Organisation of the Petroleum Exporting Countries (OPEC).

The report, which relies on secondary sources, indicates a 2.3 percent month-on-month reduction in Nigeria's crude oil production. Despite this dip, Nigeria remains a significant crude oil producer in Africa. OPEC data shows that production had risen in the second quarter of 2026, averaging 1.552 million bpd, with June marking the highest point in the reviewed period before the July decrease.

Data provided through direct communication by OPEC member countries revealed an even steeper decline, with Nigeria's output falling by 50,000 bpd from June to July. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) corroborated this trend, reporting a four percent drop to 1.67 million bpd in July, including condensate. NUPRC attributed the reduction to operational challenges encountered at the Erha and Akpo fields during the month, which significantly constrained production volumes.