Nigeria's Oil Output Drops to 1.5mbpd in August 2026

In August 2026, Nigeria's crude oil production fell by 5,000 barrels per day (bpd) to an average of 1.50 million barrels per day (mbpd), as reported to the Organisation of the Petroleum Exporting Countries (OPEC). This decline is noted in OPEC's September 2026 Monthly Oil Market Report, which also indicates a previous drop of 50,000bpd from June to July, where production decreased from 1.555mbpd to 1.505mbpd.

Cumulatively, Nigeria's output has declined by 55,000bpd between June and August 2026, despite efforts by the government and industry operators to increase and stabilize production. While Nigeria's direct figures show a decline, OPEC's secondary sources estimated a higher output of 1.57mbpd in August, reflecting a 35,000bpd increase from July's 1.54mbpd.

This discrepancy underscores the ongoing variations in estimates of Nigeria's crude production performance. Throughout 2026, Nigeria's direct-communication data has indicated monthly production levels fluctuating between approximately 1.45mbpd and 1.56mbpd, while remaining within its OPEC production quota in August.