Nigeria exceeded its OPEC crude oil production quota of 1.5 million barrels per day (bpd) in June, marking the second time it has surpassed the allocation in 2025.

OPEC’s Monthly Oil Market Report (MOMR) for July 2025 indicated that Nigeria recorded 1,505 mbpd of crude oil production in June 2025.

Nigeria, for the second time, exceeded the OPEC quota; the first was in January and the second in June.

The Nigerian Upstream Petroleum Regulatory Commission’s (NUPRC) remarks on June production showed that Nigeria’s average daily crude production was 1,505,474 bpd, representing 100.4 per cent of the OPEC quota.

According to the NUPRC, the lowest and peak combined crude oil and condensate production in June are 1.61 million bpd and 1.82 million bpd, respectively.

It revealed that the daily average production in June was 1,697,045 bopd, comprising both crude oil (1,505,474 bopd) and condensate (191,572 bopd).

The report showed that in May, crude output for both crude and condensate was 1.65 mbpd, while production was as low as 1.60 mobp in March.

Oil production, including crude and condensate, was approximately 1.7 mbpd. This was an improvement in crude production when compared to the previous months.

OPEC crude oil production for June, as reported by OPEC member countries, based on direct communication, also showed that Saudi Arabia’s output hit 9.360 mbpd, Iraq’s was 3.627 mbpd, and the United Arab Emirates recorded 3.033 mbpd.

The report also showed that Kuwait recorded 2.420 mbpd, Libya recorded 1.367 mbpd, and Venezuela recorded 1.069 mbpd in the month under review. 

(NAN)