Nigeria meets OPEC crude oil quota for fifth consecutive month

Nigeria has met its OPEC crude lipid accumulation quota for the 5th consecutive month, with regular accumulation peaking astatine 1.84 cardinal barrels successful September 2026.

Data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) showed that the state produced an mean of much than 1.71 cardinal barrels of crude lipid and condensate per time successful September, representing a 2.34 per cent summation compared with the erstwhile month.

The information besides showed that regular accumulation peaked astatine 1.84 cardinal barrels during the month, arsenic Nigeria consolidated its presumption arsenic Africa’s largest crude lipid producer. The lowest regular accumulation recorded during the period was 1.68 cardinal barrels.

In presumption of crude lipid alone, excluding condensate, Nigeria produced an mean of 1.53 cardinal barrels per time successful September. This represented 102 per cent of the 1.5 cardinal barrels per time quota acceptable by OPEC.

A breakdown of the figures showed that Nigeria had met its assigned OPEC quota for 5 consecutive months, producing 1.53 cardinal barrels per time successful May, 1.55 cardinal barrels per ...