Nigeria’s oil and gas sector posted a modest rebound in June 2025, with crude oil production meeting the Organisation of Petroleum Exporting Countries quota for the first time since January.

According to figures released by the Nigerian Upstream Petroleum Regulatory Commission on Tuesday, total daily oil and condensate output hit 1.697 million barrels per day, comprising 1.505 million bpd of crude oil and 191,572 bpd of condensates.

The crude oil figure slightly exceeded Nigeria’s OPEC allocation of 1.5 million bpd, marking a positive milestone after months of underperformance.

However, the current output remains well below the 2025 national budget target of 2.06 million bpd—leaving a shortfall of over 360,000 bpd critical to financing government spending.

Despite the uptick, the NUPRC report noted that production levels remained volatile, ranging between 1.61 million and 1.82 million bpd throughout the month, underscoring ongoing operational and security challenges.

While major terminals like Forcados, Bonga, Qua Iboe, and Escravos recorded relatively stable output, gains were insufficient to close the gap with budget expectations.

Nigeria’s oil production has struggled in recent months due to aging infrastructure, underinvestment, and persistent insecurity in key producing regions.

June’s total output amounted to 50.911 million barrels—an improvement over previous months where daily production hovered below 1.6 million bpd—offering a cautious sign of recovery.