The Organisation of the Petroleum Exporting Countries (OPEC) has reported that Nigeria’s crude oil output fell by 5,000 barrels per day in August 2026, based on data supplied to the oil cartel submitted directly by the Nigerian government.
Data from the organisation’s Monthly Oil Market Report for September 2026, indicated that Nigeria’s crude production averaged 1.5 million barrels per day in August, down from 1.505mbpd in July.
Despite the drop in the output for the second consecutive month, the country still met its OPEC quota in August in OPEC’s direct-communication series.
In the oil cartel’s direct-communication data, Nigeria’s output stood at 1.555mbpd in June before falling to 1.505mbpd in July, representing a drop of 50,000 barrels per day, and subsequently edged lower to 1.500mbpd in August.
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Since January this year, Nigeria’s crude production has been fluctuating between 1.45mbpd and 1.56mbpd.
But then, the OPEC data showed that secondary sources reflected that Nigeria’s oil production rose by 35,000bpd in August to 1.57mbpd, after dipping by 46,000bpd in July to 1.54mbpd from 1.58mbpd in June.
The OPEC’s direct-communication data indicated that overall, crude oil production from the Declaration of Cooperation group rose by approximately 0.3mbpd in August to 38.05mbpd, based largely by OPEC members, whose combined output increased by 346,000bpd to 24.08mbpd, while non-OPEC DoC production edged lower by 49,000bpd.
The data revealed that Iraq recorded the largest single gain, jumping by 664,000bpd to 3.38mbpd based on secondary sources and an even larger 845,000bpd rise based on direct figures just as Kuwait, the UAE and Venezuela also recorded increased outputs during the month under review.
The improved output of the three countries offset declines in Iran of 399,000bpd, Russia of 160,000bpd and Saudi Arabia of 75,000bpd based on secondary sources.
