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

By Obas Esiedesa, Abuja

Nigeria’s average daily crude oil and condensate production rose by 2.3 per cent to 1.74 million barrels per day (mbpd) in June 2026 from 1.70mbpd recorded in May, while crude oil output climbed to 1.56mbpd, enabling the country to exceed its Organisation of the Petroleum Exporting Countries (OPEC) production quota for the second consecutive month.

Data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Sunday showed that average crude oil production, excluding condensates, increased to 1.56 million barrels per day in June from 1.53 million barrels per day in May.

The output represents 104 per cent of Nigeria’s 1.5mbpd OPEC production quota and is the country’s highest crude oil production level since April 2020.

The commission said combined crude oil and condensate production averaged 1,735,398 barrels per day during the review period, extending Nigeria’s production growth streak to a fourth consecutive month.