Nigeria’s crude oil production rose to a 2025 peak of 1.559 million barrels per day (bpd) in July, marking an 11% year-on-year increase, according to the Organisation of Petroleum Exporting Countries (OPEC).
Figures from OPEC’s August 2025 Monthly Oil Market Report show output grew from 1.386 million bpd in July 2024. On a month-to-month basis, production was also up by 1%, compared to 1.543 million bpd in June 2025. OPEC noted that the July figure, based on secondary source data, represents Nigeria’s highest monthly output so far in 2025. Direct communication data also recorded a jump from 1.307 million bpd to 1.559 million bpd.
Despite the gains, the figure is still below Nigeria’s 2025 budget benchmark of 2.06 million bpd, which was set with an oil price assumption of \$75 per barrel and an exchange rate of ₦500 to the US dollar. July’s production, however, exceeded Nigeria’s OPEC quota of 1.5 million bpd for the third time this year, a situation that could draw further scrutiny from the cartel over compliance.
Source: https://www.tv360nigeria.com/
