Nigeria's crude oil output averaged 1.51 million barrels per day in October 2026, equivalent to roughly 101 percent of the 1.5 million barrels per day quota set by the Organisation of the Petroleum Exporting Countries (OPEC).
The figures were released on Wednesday by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) in a statement signed by Eniola Akinkuotu, its Head of Media and Corporate Communications. The October result extends Nigeria's run of quota compliance to six consecutive months.
Total crude oil and condensate production stood at 1,687,710 barrels per day during the month. Daily output peaked at 1.79 million barrels per day, while the lowest level recorded was 1.60 million barrels per day.
For an economy that leans heavily on oil receipts for foreign exchange earnings and government revenue, sustained quota compliance supports more predictable fiscal inflows. Meeting the OPEC benchmark for a sixth straight month also reduces exposure to quota-related penalties and bolsters the Federal Government's revenue projections at a time when global demand and crude prices remain under pressure.
October output was nonetheless 1.7 percent lower than the previous month. Nigeria had recorded 1.53 million barrels per day in May, 1.55 million barrels per day in June, 1.51 million barrels per day in July, 1.50 million barrels per day in August, and 1.53 million barrels per day in September. OPEC had yet to publish its monthly oil market report for October at the time this report was filed.
The NUPRC attributed the recent performance to improved operational stability, higher production uptime, and more efficient crude evacuation.
A breakdown by terminal and stream shows Forcados led October production with an average of 318.49 thousand barrels per day, closely followed by Bonny at 311.02 thousand barrels per day. Other contributors included:
- Qua Iboe: 173.97 thousand barrels per day - Escravos: 134.67 thousand barrels per day - Bonga: 106.65 thousand barrels per day
