Nigeria’s crude oil output declined by 1.7 per cent in October 2026, averaging 1.51 million barrels per day (bpd), compared with 1.53 million bpd recorded in September, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
Despite the monthly decline, the country produced above its Organization of the Petroleum Exporting Countries (OPEC) quota of 1.5 million bpd for the sixth consecutive month this year.
OPEC figures showed that Nigeria pumped 1.53 million bpd in May, 1.55 million bpd in June, 1.50 million bpd in July and 1.50 million bpd in August.
When condensates are included, Nigeria’s average daily production increased to 1.68 million barrels in October, NUPRC data showed.
Daily output during the month reached a high of 1.79 million barrels, while the lowest recorded production was 1.60 million barrels per day.
The commission attributed the relatively steady performance in recent months to improvements in operational stability, production uptime and the efficiency of crude oil evacuation.
It said the October figures reflected efforts by oil operators and other industry stakeholders to improve operational performance, protect production assets and ensure more reliable output across the upstream petroleum sector.
A breakdown of production by terminal and crude stream showed that Forcados recorded the highest average daily output of 318,490 barrels, followed by Bonny Terminal with 311,020 bpd.
Qua Iboe Terminal ranked third with an average of 173,970 bpd, while Escravos recorded 134,670 bpd.
Bonga was the fifth-largest producing terminal, with average daily crude oil and condensate output of 106,650 barrels.
The latest figures show that Nigeria has continued to sustain production above its OPEC allocation, although October’s output was slightly lower than the previous month’s level.
