Nigeria has met its Organisation of Petroleum Exporting Countries (OPEC) crude oil production quota for the sixth consecutive month, with total crude oil and condensate output averaging 1.68 million barrels per day in October 2026.
Data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) shows that crude oil production, excluding condensate, stood at 1.51 million barrels per day, representing 101 per cent of Nigeria’s OPEC allocation of 1.5 million barrels per day.
The October performance, however, represents a 1.7 per cent decline from the previous month.
The figures also show that daily production peaked at 1.79 million barrels, while the lowest output recorded during the month was 1.60 million barrels per day.
Nigeria’s consistent performance above its OPEC quota began in May, when crude oil output averaged 1.53 million barrels per day. Production rose to 1.55 million in June, before settling at 1.51 million in July.
Output stood at 1.5 million barrels per day in August, rose to 1.53 million in September and moderated to 1.51 million barrels per day in October.
The NUPRC attributes the relative stability to improved operational uptime, more efficient crude oil evacuation and improved reliability across upstream assets.
The sustained production performance provides some support for Nigeria’s oil revenue outlook, although the latest month-on-month decline highlights the need to address production constraints and sustain output growth.
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(Editor: Roluke Ogundele)
