The Nigerian Upstream Petroleum Regulatory Commission reported that total crude and condensate production climbed for the fourth consecutive month to 1.735 million barrels per day. Officials attribute this recovery to enhanced operational stability and a notable decline in pipeline sabotage, which previously crippled export capacity. By exceeding its OPEC+ quota of 1.5 million barrels per day, the country has demonstrated a newfound reliability in its extraction infrastructure.
Nigeria Reaches Six-Year Oil Output Peak Amid Middle East Volatility
Nigeria pumped 1.56 million barrels per day in June, marking its highest crude production volume since April 2020. This output surge arrives as regional instability in the Middle East threatens global energy flows, positioning the West African nation to capture critical market share during a period of acute supply uncertainty.
This production growth follows a concerted effort by the state-owned NNPC to combat oil theft in the Niger Delta. With peak daily outputs reaching 1.89 million barrels in June, regulators believe the nation is within reach of a 2 million barrel per day target. As global supply fears mount due to the escalation involving Iran and the Strait of Hormuz, Nigeria aims to bridge the widening gap with an immediate production increase of 100,000 barrels per day.
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