Nigeria Holds Above 1.5 Million Bpd Oil Output for Third Straight Month

Nigeria has maintained its crude oil production above 1.5 million barrels-per-day (bpd) for a third consecutive month in July, according to OPEC data.

The country produced 1.505 million bpd in July, down 50,000 bpd from June's 1.555 million bpd, but still representing a significant improvement over the first quarter of this year.

Nigeria's crude production averaged 1.525 million bpd in the second quarter of 2026, compared to 1.388 million bpd in the first quarter, marking an increase of about 9.9 percent.