Nigeria's crude oil output is set to increase by 12 million barrels with the introduction of new crude streams, including the Cawthorn blend. Despite progress, production remains below the target of 80,000 barrels per day, with current output averaging around 55,190 barrels daily
Nigeria's crude oil and condensate output reached an 11-month high, averaging 1.53 million barrels per day in May 2026, exceeding the OPEC quota of 1.5 million barrels per day. This increase is attributed to improved operational stability and reduced pipeline vandalism.
Nigeria's crude oil production reached a 15-month high in May 2026, averaging 1,530,354 barrels per day, exceeding its OPEC quota. The increase is attributed to improved operational stability and the absence of major disruptions in oil facilities.
