Nigeria's Oil Output Surpasses OPEC Quota, Hits High

In May 2026, Nigeria's crude oil and condensate production reached an average of 1.53 million barrels per day, marking an 11-month high and surpassing the OPEC quota of 1.5 million barrels per day. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) reported that this output represents 102% of the country's OPEC allocation.

The total combined output of crude oil and condensate was 1.70 million barrels per day, with crude oil production alone at 1.53 million barrels per day. This increase is significant for Nigeria, as oil remains the largest source of export earnings and a major contributor to government revenue.

The rise in production is attributed to improved operational stability, with no significant pipeline outages reported during the review period. The Nigerian National Petroleum Company Limited (NNPC) and security agencies have collaborated to enhance security and reduce vandalism along key pipeline corridors.

This positive trend in production is crucial for Nigeria's fiscal position, especially with international oil prices remaining supportive around $100 per barrel.