Friday, 13 November 2026

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Nigeria meets its OPEC oil quota for a sixth straight month

Output slipped 1.7 per cent month on month in October, but stayed within the group's allowance.

Nigeria meets its OPEC oil quota for a sixth straight month
Photo: Windfallengprojectsltd / CC BY-SA 4.0

Nigeria met its OPEC crude production quota for a sixth consecutive month in October, after averaging 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.

Output nevertheless fell 1.7 per cent month on month in October. Dangote Group projects fourth-quarter output of 1.72 million barrels per day and a 2026 average of 1.62 million. Reuters separately reported October output averaging 1.68 million barrels per day on a different measurement basis.

Source: Nairametrics

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