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

In June 2026, Nigeria's crude oil and condensate production soared to an average of 1,735,398 barrels per day, marking a 74-month high and meeting the OPEC quota of 1.5 million barrels per day. This achievement represents a positive growth trend for the fourth consecutive month, with crude oil production hitting 1.56 million barrels per day, an increase of 0.18 million barrels per day from the previous month.

The combined production of crude oil and condensate reached 1.89 million barrels per day, reflecting Nigeria's potential to approach 2 million barrels per day in the near term. The production increase was primarily driven by stable operations across production assets and the absence of major pipeline outages.

Despite some short-duration operational shutdowns, the overall impact on national production was minimal. The June figures indicate a consistent upward trajectory, with previous monthly averages of 1.483 million barrels per day in February, 1.546 million in March, 1.663 million in April, and 1.700 million in May.