Nigeria's Crude Oil Output Hits 74-Month High in June

Nigeria's crude oil production hit a 74-month high in June 2026, averaging 1.735 million barrels per day, which includes 1.56 million barrels per day of crude oil and 0.18 million barrels per day of condensate. This output exceeded Nigeria's OPEC quota of 1.5 million barrels per day by 104% and marked the fourth consecutive month of production growth.

The Nigerian Upstream Petroleum Regulatory Commission reported that the increase was primarily due to stable operations across major oil production assets and the absence of significant pipeline outages during the review period. The production figures reflect a recovery in Nigeria's upstream oil sector after previous losses caused by crude theft and pipeline vandalism.

The report indicated that the highest daily combined crude oil and condensate production reached 1.89 million barrels per day, while the lowest was 1.57 million barrels per day. Despite ongoing challenges, Nigeria aims to achieve a medium-term target of producing two million barrels per day.