Nigeria Achieves OPEC Quota with 1.5 Million bpd Crude Output

Nigeria’s average daily crude oil production rose to 1.505 million barrels per day (bpd) in June 2025, meeting the Organization of the Petroleum Exporting Countries’ (OPEC) current production quota.

The figure was disclosed in OPEC’s latest Monthly Oil Market Report released on Tuesday, which reviewed drilling data supplied by Nigerian authorities.

OPEC typically gathers production data through direct communication with member states and secondary sources, such as energy analytics platforms.

According to the report, June’s production marked a 3.58% increase from the 1.453 million bpd recorded in May and represents the highest output level since January 2025.

This also marks the second time Nigeria has successfully hit its 2025 quota of 1.5 million bpd.

Data from secondary sources estimated Nigeria’s June output at 1.547 million bpd — a 1.24% increase over the 1.528 million bpd reported in May.

With this performance, Nigeria remains Africa’s leading oil producer, ahead of Algeria, which recorded 927,000 bpd in the same period.

“Total DoC (Declaration of Cooperation) crude oil production averaged 41.56 million bpd in June 2025, which is 349,000 bpd higher than in May,” OPEC noted.

Exports to OECD Rise

OPEC’s report also showed an increase in oil exports to OECD countries. Preliminary data for May 2025 revealed that OECD commercial inventories stood at 2.771 billion barrels, an increase of 34.5 million barrels from April.

Despite the monthly rise, inventories remained 75.1 million barrels below the same period last year, 127.7 million below the latest five-year average, and 184.2 million below the 2015–2019 average.

In addition, OECD total product stocks climbed by 20.1 million barrels month-on-month in May, reaching 1.413 billion barrels—still 43.7 million barrels lower than the same time last year.

OPEC+ had earlier announced plans to increase global oil production by 548,000 bpd in August 2025 to meet rising global demand.