Will Nigeria's crude oil production exceed 1.5 million barrels per day in August 2026?

Outcome: YES

How this forecast is settled

Will Nigeria's average crude oil production exceed 1.5 million barrels per day in August? With July already at 1.505 million bpd and June at 1.56 million bpd.

Resolution

Nigeria's crude oil production continued to stay above the 1.5 million barrels per day mark through the middle of 2026 (averaging 1.56 million bpd in June and 1.505 million bpd in July), and projections and ongoing reports for August 2026 confirm that output remained above the 1.5 million barrels per day OPEC quota thresh

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