Economy

Nigeria’s Crude Oil Output Surpasses OPEC Quota For Third Time

The Organisation of Petroleum Exporting Countries (OPEC) says Nigeria’s average daily crude oil production increased to 1.50 million barrels per day (bpd) in July.

In its latest monthly report on Tuesday, the oil cartel said Nigeria’s oil production in July met the country’s assigned quota.

OPEC said Nigeria’s oil output increased to 1.507 million bpd — a 0.13 percent rise from 1.505 million bpd in the previous month and also representing the highest output since January.

The new figure also marks the third time Nigeria has met OPEC’s production quota of 1.5 million bpd in 2025. According to the oil alliance, its figures were derived from direct communication with Nigerian authorities.

The OPEC normally source its crude oil output data from two channels: direct communication from member countries and secondary sources such as energy intelligence platforms.

With the current production level, the global oil organisation said Nigeria maintained its position as Africa’s leading oil producer, followed by Algeria, which recorded an output of 1.37 million bpd.

Citing secondary sources, OPEC said “total DoC crude oil production averaged 41.94 mb/d in June 2025, which is 335 tb/d higher, m-o-m”.

On August 4, Gbenga Komolafe, chief executive officer (CEO) of Nigerian Upstream Petroleum Regulatory Commission (NUPRC), said crude oil production crossed 1.8 million bpd in July.

 

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