Nigeria Oil Output Surges
4 articles from 1 country
Nigeria's crude oil production has reached a six-year high, averaging 1.74 million barrels per day in June 2026. This output surpasses the nation's OPEC quota, meeting 104% of its target. The increase represents a 2.3% rise from the previous month.
Nigeria's oil output hits six-year high, exceeding OPEC target
- Nigeria's crude oil production reached a six-year high in the past month, averaging 1.56 million barrels per day. - This output level exceeds Nigeria's OPEC quota by 4 percent. - Increased production is attributed to crackdowns on oil theft and hiring former militants for security, alongside a shift by foreign majors to offshore extraction.
Nigeria meets 104% of OPEC quota as crude oil production hits 74-month high
- Nigeria's crude oil production averaged 1.56 million barrels per day in June 2026, surpassing its OPEC quota. - This output level marks the highest crude oil production in over six years, reaching 1…
Nigeria’s Crude Oil Output Hits Over Six-year High of 1.73m Bpd
- Nigeria's crude oil and condensate production reached an average of 1.735 million barrels per day in June 2026, a six-year high. - This output met 104% of Nigeria's OPEC quota, with crude oil produc…
Nigeria's daily oil production rises 2.3% to 1.74mbpd
- Nigeria's daily oil production increased to 1.74 million barrels per day in June 2026, a 2.3% rise from May. - Crude oil output alone reached 1.56 million barrels per day, exceeding Nigeria's OPEC q…
