By Atoyebi Nike
Nigeria’s crude oil production climbed to an average of 1.507 million barrels per day (bpd) in July 2025, beating the Organization of the Petroleum Exporting Countries’ (OPEC) target for the second month in a row. The figures, disclosed in OPEC’s Monthly Oil Market Report on Tuesday, were based on direct communication with Nigerian authorities.
The new output slightly surpassed the 1.505 million bpd recorded in June, keeping Nigeria ahead of Algeria, which pumped 937,000 bpd. OPEC data also showed total production from its member and allied countries (OPEC+) rose by 335,000 bpd in July, with about half of the increase attributed to Saudi Arabia. While Saudi supply-to-market reached 9.525 million bpd, the kingdom reported actual production of 9.2 million bpd after a voluntary cut.
The report indicated that without further increases from the group, global oil inventories could drop by about 1.2 million bpd next year.
On the domestic front, Nigerian Upstream Petroleum Regulatory Commission chief Gbenga Komolafe recently stated that the country’s oil output exceeded 1.8 million bpd last month, with current averages around 1.78 million bpd a boost linked to tighter security in oil-producing regions. The Nigerian National Petroleum Company Limited (NNPCL) also reported that gas production edged up to 7.581 billion standard cubic feet per day in June, while crude oil and condensate sales slipped to 21.68 million barrels from 24.77 million barrels in May.
