Nigeria meets 104% of OPEC quota as production soars
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.
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.
According to the crude statistics, released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Sunday, in the month under review, crude oil production hit 1. 56 million barrels per day (mbpd)
The report showed that 0.18mbpd of condensates was produced.
This means Nigeria met 104 per cent of the 1.5mbpd crude oil production quota set by the Organisation and Petroleum Exporting Countries (OPEC).
The report showed that in strict crude oil terms (excluding condensates), the 1.56 million daily average production Nigeria witnessed in June is the highest that Africa’s biggest oil producer has recorded since April 2020.
This, it said, represented a 74-month high.
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