Nigeria’s crude oil production fell by 37,000 barrels per day (bpd) in July, interrupting a recovery in output recorded in the second quarter of 2026, according to the latest report by the Organisation of the Petroleum Exporting Countries (OPEC).
OPEC’s August Monthly Oil Market Report showed that Nigeria’s crude production declined to 1.546 million bpd in July, from 1.583 million bpd in June, representing a 2.3 percent month-on-month fall.
The decline came after production had risen from an average of 1.453 million bpd in the first quarter to 1.552 million bpd in the second quarter. Output also increased from 1.554 million bpd in May to 1.583 million bpd in June before retreating in July.
Despite the July decline, Nigeria’s output remained above its 2025 average of 1.510 million bpd. July production was about 36,000 bpd higher than the previous year’s average.
“Nigeria’s near-term outlook remains positive, supported by oil production, progress on reforms, infrastructure investment, and stronger business activity,” OPEC stated.
