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Premium Times Nigeria·3 min read·medium

Nigeria meets 104% of OPEC quota as production soars

A
Agency Report
Nigeria meets 104% of OPEC quota as production soars
AI Summary

Nigeria's crude oil and condensate production reached 1.735 million barrels per day in June 2026, exceeding its OPEC quota by 104%. This marks the highest production level for the country since April 2020.

Why it matters

Increased oil production is critical for Nigeria's economic stability and its ability to meet international energy commitments.

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Nigeria’s crude oil and condensate production soared to an average of 1,735,398 barrels per day in the month of June 2026, representing positive growth for a 4th consecutive month.

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Confidence: 95%

The report relies on official statistics from the Nigerian Upstream Petroleum Regulatory Commission.

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