Nigeria’s oil output surpasses OPEC quota, reaches 15-month high
Nigeria’s crude oil production has exceeded its OPEC quota, achieving its highest output in 15 months. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) reported improved operational stability and no major disruptions at key oil facilities. The latest figures highlight Nigeria’s strengthened position as Africa’s largest oil producer. The increase is attributed to stable operations and the successful completion of maintenance activities.
TLDR
- NUPRC data shows Nigeria produced an average of 1,530,354 barrels of crude oil per day in May 2026, surpassing its 1.5 million barrels per day OPEC quota.
- Including condensates, total oil output reached 1,700,800 barrels per day, marking the highest combined output since July 2025.
- The May 2026 crude oil production is the highest since January 2025, representing a 15-month high.
- Bonny Terminal was the top contributor with 293,870 barrels per day, followed by Forcados and Qua Iboe.
- The increase in production is credited to operational stability, absence of major outages, and completed maintenance, potentially boosting Nigeria’s fiscal outlook.
