Oil output declines to 1.67m barrels

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Oil output declines to 1.67m barrels

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Nigeria's daily oil production declined by four percent in July 2026 to 1.67 million barrels per day, down from 1.74 million barrels in June. Despite the decline, Nigeria continues to maintain production above the OPEC reference level of 1.5 million barrels per day.

By Udeme Akpan & Obas Esiedesa, Abuja Nigeria’s daily oil production declined by four per cent in July 2026, to 1.67 million barrels per day (mbpd) from 1.74mbpd recorded in June, according to the latest production data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). However, the figures showed that Nigeria sustained production above the 1.5mbpd OPEC […] The post Oil output declines to 1.67m barrels appeared first on Vanguard News.

World Politics Markets Energy Nigeria oil production Nigerian Upstream Petroleum Regulatory Commission OPEC barrels per day oil output decline

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