Nigeria’s crude oil production, excluding condensate, fell by 37,000 barrels per day, bpd, to 1.546 million bpd in July 2026, from 1.583 million bpd in June, according to the latest report by the Organisation of the Petroleum Exporting Countries, OPEC.
The decline, based on secondary sources cited by OPEC, represents a 2.3 per cent month-on-month reduction in the country’s crude oil output.
The figures were contained in OPEC’s latest Monthly Oil Market Report, which showed that Nigeria remained one of Africa’s major crude oil producers despite the July decline.
OPEC’s data showed that Nigeria’s production rose from an average of 1.453 million bpd in the first quarter of 2026 to 1.552 million bpd in the second quarter.
Production averaged 1.554 million bpd in May before increasing to 1.583 million bpd in June, its highest monthly level during the period under review, before falling to 1.546 million bpd in July.
However, production figures reported through direct communication by OPEC member countries showed an even sharper decline.
Under the direct communication data, Nigeria’s output fell by 50,000 bpd, from 1.555 million bpd in June to 1.505 million bpd in July 2026.
At the wider OPEC level, crude oil production based on secondary sources increased by 1.659 million bpd to 23.632 million bpd in July, from 21.973 million bpd in June.
The increase was driven largely by higher production from Iraq, Saudi Arabia and Kuwait, which recorded monthly increases of 665,000 bpd, 590,000 bpd and 393,000 bpd, respectively.
