Nigeria’s crude oil production remained above 1.5 million barrels per day (bpd) for the third consecutive month in July 2026 despite a decline from the previous month.
This is according to the latest Monthly Oil Market Report released by the Organization of the Petroleum Exporting Countries (OPEC).
OPEC data showed that Nigeria’s crude oil output fell to 1.505 million bpd in July from 1.555 million bpd in June.
Despite the monthly decline, production remained above the 1.5 million bpd mark, extending a run that began in May and keeping Nigeria among Africa’s leading crude oil producers.
According to OPEC data, Nigeria’s Q2 2026 average production stood at 1.525 million bpd, up from 1.388 million bpd in Q1 2026.
- Production averaged 1.415 million bpd in Q4 2025 and 1.432 million bpd for the whole of 2025.
- Nigeria’s average production was 1.345 million bpd in 2024.
- OPEC data showed Nigeria producing more crude than Libya, which recorded 1.391 million bpd, and Algeria at 995,000 bpd in July. OPEC did not provide data for Congo and Gabon.
The July figure represents a decline of 50,000 bpd from June, but production remained significantly above the levels recorded in the first quarter of 2026.
