Nigeria records 1.69m barrels daily oil output in October

Résumé détaillé

Nigeria’s crude oil and condensate production rose to an average of 1.69 million barrels per day in October, a 5.7% year-on-year increase. Read More:…

Nigeria’s crude oil and condensate production rose by 5.7 per cent year-on-year to an average of 1.69 million barrels per day in October 2026, despite a 1.7 per cent decline from the previous month.

Figures released by the Nigerian Upstream Petroleum Regulatory Commission on Wednesday showed that the country produced an average of 1,687,710 barrels per day in October, compared with 1,597,199 barrels per day recorded in October 2025.

The increase represents an additional 90,511 barrels per day, indicating an improvement in production compared with the corresponding period last year.

However, the October output was lower than the 1.72 million barrels per day recorded in September, reflecting a month-on-month decline of about 29,000 barrels per day.

The report read, “Nigeria produced a daily average of 1,687,710 million barrels of crude oil and condensate in the month of October 2026. Data from the Nigerian Upstream Petroleum Regulatory Commission also shows that single day production hit a peak of 1.79 million barrels while the lowest for the month under review stood at 1.60 million bopd.”

The regulator’s data also showed that daily production fluctuated between a peak of 1.79 million barrels and a low of 1.60 million barrels during the month.

In terms of crude oil alone, excluding condensates, Nigeria produced an average of 1.51 million barrels per day, representing 101 per cent of the 1.5 million barrels per day quota assigned to the country by the Organisation of Petroleum Exporting Countries.

This means Nigeria exceeded its OPEC crude production allocation by approximately 10,000 barrels per day in October.

The performance extended the country’s run of meeting its OPEC quota to six consecutive months, following crude production of 1.53 million barrels per day in May, 1.55 million in June, 1.51 million in July, 1.50 million in August and 1.53 million in September.

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