Nigeria’s crude oil output surpasses OPEC quota in June

|By Adejumo Adekunle-

-Production hits 1.5 million barrels daily, shows steady monthly growth

Nigeria has once again exceeded its crude oil production quota set by the Organisation of the Petroleum Exporting Countries (OPEC), with average daily output rising to 1,505,474 barrels in June 2025. This marks the second time the country has crossed its OPEC-assigned threshold of 1.5 million barrels per day (mbpd) this year, the first being in January.

Data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) shows that crude production in June stood at 100.4 percent of the OPEC quota. When condensates are included, the country’s combined oil output rose to an average of 1.7 mbpd.

This performance represents a month-on-month improvement for Africa’s largest oil producer. In May, Nigeria produced 1.45 mbpd in crude and 1.65 mbpd including condensates. The output had dipped to 1.60 mbpd in March.

“The average crude oil production was 100.4 percent of the OPEC quota (1.5 mbpd),” NUPRC stated. “The daily average production in June was 1,697,045 barrels per day, comprising both crude oil (1,505,474 bopd) and condensate (191,572 bopd). The lowest and peak combined crude oil and condensate production in June were 1.61 million bopd and 1.82 million bopd, respectively.”

Despite the positive numbers, Nigeria’s June crude production still falls short of the 2025 budget target of 2.06 mbpd.

However, the Nigerian National Petroleum Company Limited (NNPCL) appears optimistic. Its Group Chief Executive Officer, Bayo Ojulari, disclosed that reforms and strategic adjustments at the state-owned oil company have begun yielding results.

“We have started growing,” Ojulari said. “In March, we were producing about 1.56 million barrels per day, and we’re now at 1.63 million, including condensates. By the end of the year, we are hoping to clock 1.9 million barrels daily.”

The country’s continued recovery in oil output is seen as a critical step in boosting government revenue, closing budget deficits, and stabilising the local currency.