HomeBusinessNigeria crude output hits 1.53mbpd, ends 10-month OPEC quota drought

Nigeria crude output hits 1.53mbpd, ends 10-month OPEC quota drought

Nigeria has exceeded its crude oil production quota set by the Organisation of Petroleum Exporting Countries (OPEC) for the first time in 10 months, signalling a significant turnaround in the country’s efforts to revive output amid years of oil theft, pipeline vandalism and underinvestment.

Data from OPEC’s June 2026 Monthly Oil Market Report showed that Nigeria’s crude oil production, based on direct communication to the cartel, rose to 1.53 million barrels per day (bpd) in May 2026, surpassing the country’s OPEC quota of 1.5 million bpd by 30,000 barrels per day.

The latest production figure represents an increase from 1.489 million bpd in April and 1.383 million bpd in March, highlighting a steady recovery in output levels.

The achievement marks Nigeria’s first return above its OPEC production ceiling since July 2025, when the country reported crude production of 1.507 million bpd, ending a 10-month stretch during which output remained below

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