Regulatory data released Sunday show Nigeria averaged 1.56 mln bpd of crude in June, above its OPEC allocation of 1.50 mln bpd and equivalent to 104% quota compliance. Including condensates outside OPEC limits, June total oil production averaged 1.735 mln bpd, up from 1.70 mln bpd in May and marking a fourth consecutive month of growth. June crude was the highest since April 2020 (74-month high). The regulator said stable asset operations and improved pipeline reliability, with no major pipeline

Regulatory data released Sunday show Nigeria averaged 1.56 mln bpd of crude in June, above its OPEC allocation of 1.50 mln bpd and equivalent to 104% quota compliance. Including condensates outside OPEC limits, June total oil production averaged 1.735 mln bpd, up from 1.70 mln bpd in May and marking a fourth consecutive month of growth. June crude was the highest since April 2020 (74-month high). The regulator said stable asset operations and improved pipeline reliability, with no major pipeline disruptions, supported continuous production and exports.