Nigeria's crude oil and condensate output rose 5.7 per cent year-on-year to an average of 1.69 million barrels per day in October 2026, the Nigerian Upstream Petroleum Regulatory Commission said. The country produced 1,687,710 barrels per day in October 2026, compared with 1,597,199 barrels per day in October 2025, marking an increase of 90,511 barrels per day. Daily production fluctuated between a peak of 1.79 million barrels and a low of 1.60 million barrels during the month.
When condensates are excluded, Nigeria produced an average of 1.51 million barrels per day of crude oil alone in October, the regulator said. This represented 101 per cent of the 1.5 million barrels per day quota assigned by the Organisation of Petroleum Exporting Countries, meaning Nigeria exceeded its OPEC allocation by approximately 10,000 barrels per day. The performance extended the country's compliance run to six consecutive months, the commission said, after 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.
The October figure showed a slight decline from September's 1.53 million barrels per day, though it remained above the OPEC benchmark. This followed an uneven production trend in the first ten months of 2026. Output stood at about 1.63 million barrels per day in January before falling to 1.48 million in February, then recovering to 1.55 million in March and rising to 1.66 million in April. Production improved further to 1.70 million barrels per day in May and reached about 1.74 million in June, before declining to 1.67 million in July, rising to 1.68 million in August, increasing to 1.72 million in September and easing to 1.69 million in October.
The Nigerian Upstream Petroleum Regulatory Commission attributed the stable production performance to improved operational conditions in the upstream sector. The regulator said enhanced operational stability had supported production uptime and crude evacuation efficiency in recent months, reflecting the efforts of operators and other industry stakeholders to improve operational efficiency, maintain asset integrity and strengthen production reliability across the upstream petroleum sector.
For businesses and investors, sustained OPEC quota compliance helps stabilise Nigeria's crude export revenues and supports the government's fiscal planning based on petroleum income.