Nigeria's Oil Production Hits 74-Month High in June 2026

In June 2026, Nigeria's crude oil production rose to an average of 1.56 million barrels per day (mbpd), marking a 74-month high and meeting the OPEC quota of 1.5 mbpd. This production level reflects a positive growth trend for the fourth consecutive month, with condensate production averaging 1.735 mbpd.

The combined output of crude oil and condensate reached 1.89 mbpd. The increase in production is attributed to stable operations across production assets and the absence of major pipeline outages during the review period, which enhanced operational stability and efficiency.

Nigeria's production trajectory showed consistent growth from 1.483 mbpd in February to 1.735 mbpd in June. The breakdown of daily average production by terminal indicates that Bonny terminal accounted for 318.28 kbpd, while Forcados and Qua Iboe terminals recorded 293.88 kbpd and 164.73 kbpd, respectively.

Overall, the sustained growth in production reflects the commitment of industry stakeholders to improve operational efficiency and maintain asset integrity.