Nigeria's Oil Production Exceeds OPEC Quota for October

In October 2026, Nigeria's crude oil and condensate production rose by 5.7 percent year-on-year, averaging 1.69 million barrels per day, as reported by the Nigerian Upstream Petroleum Regulatory Commission. This achievement marks the sixth consecutive month that Nigeria has met its OPEC production quota.

The country produced an average of 1,687,710 barrels per day in October, an increase from 1,597,199 barrels per day in October 2025. However, there was a month-on-month decline of approximately 1.7 percent from September's output of 1.72 million barrels per day.

The report indicated that Nigeria's production peaked at 1.79 million barrels per day during October, with the lowest output recorded at 1.60 million barrels per day. Excluding condensates, the average crude oil production was 1.51 million barrels per day, exceeding the OPEC quota of 1.5 million barrels per day by about 10,000 barrels.

Despite a slight decrease from September, the October figures reflect a recovery from earlier production lows earlier in the year.