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Home Energy

Nigeria Surpasses OPEC Quota in June with 1.5m Daily Crude Output

Victoria Emeto by Victoria Emeto
July 16, 2025
in Energy
0

Nigeria’s daily crude oil production climbed above its OPEC-assigned quota in June 2025, marking the second time this year the country has exceeded its production cap of 1.5 million barrels per day (mbpd).

According to data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the country produced an average of 1,505,474 barrels per day, amounting to 100.4% of its OPEC quota. When condensate is included, total production reached an average of 1,697,045 barrels per day.

This performance represents a modest improvement over May’s output, which stood at 1.45 mbpd of crude and 1.65 mbpd combined. In March, total production was as low as 1.60 mbpd.

“Lowest and peak combined crude oil and condensate production in June were 1.61 million bopd and 1.82 million bopd, respectively,” the NUPRC reported.

Despite the OPEC milestone, the output remains below the 2.06 mbpd target set in Nigeria’s 2025 national budget. Achieving that target is critical to boosting government revenue, especially as the country continues to face economic challenges.

The rise in production is seen as a positive step, signaling improvements in operational capacity and security around oil infrastructure, two major factors that have historically hindered output.

Analysts say consistent production above the OPEC quota may attract attention from the cartel, which has been closely monitoring members’ compliance amid efforts to stabilise global oil prices.

Tags: #CrudeProduction#EnergyUpdate#NigeriaOil#OPECQuota
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