NIGERIA MEETS 104% OF OPEC QUOTA AS PRODUCTION SOARS

.CRUDE OIL PRODUCTION RISES TO 74-MONTH HIGH Nigeria’s crude oil and condensate production soared to an average of 1,735,398 barrels per day in the month of June 2026, representing positive growth for a 4th consecutive month. In the month under review, crude oil production hit 1.56mbpd while 0.18mbpd of condensates was produced. This means Nigeria met 104% of the 1.5mbpd crude oil production quota set by the Organisation and Petroleum Exporting Countries (OPEC). In strict crude oil terms (excluding condensates), the 1.56 million daily average production Nigeria witnessed in June…

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