Nigeria’s crude oil production drops in October- NUPRC

Nigeria's crude lipid and condensate accumulation averaged 1.68 cardinal barrels per day, mbpd, successful October 2026, amid the country’s continued inability to supply capable crude lipid feedstock for the Dangote Refinery.

In a connection by the spokesperson of the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, Eniola Akinkuotu, the regulator said Nigeria met its OPEC accumulation quota for the sixth consecutive month.

According to the commission, regular accumulation peaked astatine 1.79 cardinal barrels per day, portion the lowest output recorded during the period stood astatine 1.60 cardinal barrels per day.

Meanwhile, connected a month-on-month basis, Nigeria's crude lipid and condensate accumulation declined by 0.03 cardinal barrels per day, mbpd, representing a alteration of 30,000 barrels per day, oregon astir 1.75 per cent.

A breakdown of Nigeria's crude lipid accumulation figures for the months nether reappraisal showed that output stood astatine 1.70 mbpd successful May, 1.73 mbpd successful June, 1.677 mbpd successful July, 1.677 mbpd successful August, 1.71 mbpd successful September and 1.68 mbpd successful October.

Excluding condensate, NUPRC information indicated that Nigeria produced an mean of 1.51 cardinal barrels of crude lipid per time successful October. This represents 101 per cent of the 1.5 mbpd production...