IBOV 172,744.02 ▲ 0.82% IPC MEX 71,905.78 ▲ 0.05% MERVAL 2,848,945 — — USD/BRL5.56▼ 0.36% USD/MXN18.67▲ 0.25% USD/CLP983.53▼ 0.07% USD/COP3,297▲ 0.71% USD/PEN3.41▲ 0.02% USD/ARS1,549▲ 0.18% USD/UYU40.52▲ 3.70% USD/PYG6,174▲ 1.84% USD/BOB11.63▲ 0.92% USD/DOP60.48▲ 0.13% USD/CRC446.01▲ 1.66% USD/GTQ7.64▲ 3.18% USD/HNL26.90▲ 0.20% USD/NIO36.62▲ 1.17% USD/VES899.36▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.49▲ 2.33% USD/TTD6.72▲ 2.23% EUR/BRL6.17▼ 0.13% BRENT 92.60 ▲ 1.21% WTI 87.06 ▲ 1.19% IRON ORE 161.91 — — COPPER 6.28 ▲ 1.00% GOLD 4,038 ▲ 0.19% SILVER 52.54 ▲ 2.81% SOY 1,226 ▲ 0.14% CORN 446.50 ▼ 0.56% WHEAT 596.25 ▲ 0.59% COFFEE 262.45 ▼ 3.30% SUGAR 18.33 ▲ 1.33% ORANGE JUICE 146.00 ▼ 0.51% COTTON 82.64 ▲ 5.02% COCOA 5,040 ▲ 6.28% BEEF 219.15 ▲ 1.36% CATTLE 330.48 ▲ 0.65% LITHIUM 61.02 ▲ 1.73% PETR4 43.47 ▼ 3.29% VALE3 65.05 ▲ 0.39% ITUB4 41.85 ▲ 1.58% BBDC4 14.72 ▲ 1.24% ABEV3 15.75 ▼ 0.25% BBAS3 17.10 — 0.00% B3SA3 14.80 ▲ 2.21% WEGE3 51.32 ▲ 0.73% PRIO3 61.32 ▲ 2.17% SUZB3 54.53 ▲ 0.13% RENT3 30.44 ▲ 2.18% AZZA3 15.26 ▲ 3.60% CSAN3 2.81 ▲ 4.85% RAIZ4 0.30 ▼ 98.77% PCAR3 2.57 ▲ 0.39% GMAT3 3.99 ▲ 4.72% PSSA3 46.48 ▼ 0.41% CVCB3 0.90 ▲ 4.65% POSI3 3.31 ▲ 5.08% SLCE3 17.21 ▲ 0.70% NATU3 5.63 ▲ 1.44% BRKM5 2.98 ▲ 2.05% RANI3 8.56 ▲ 1.30% CSNA3 4.46 ▲ 1.83% IBOV 172,744.02 ▲ 0.82% IPC MEX 71,905.78 ▲ 0.05% MERVAL 2,848,945 — — USD/BRL 5.56 ▼ 0.37% USD/MXN 18.68 ▲ 0.28% USD/CLP 983.26 ▼ 0.10% USD/COP 3,293 ▲ 0.57% USD/PEN 3.41 ▲ 0.07% USD/ARS 1,549 ▲ 0.18% USD/UYU 40.52 ▲ 3.70% USD/PYG 6,174 ▲ 1.84% USD/BOB 11.63 ▲ 0.92% USD/DOP 60.48 ▲ 0.13% USD/CRC 446.01 ▲ 1.66% USD/GTQ 7.64 ▲ 3.18% USD/HNL 26.90 ▲ 0.20% USD/NIO 36.62 ▲ 1.17% USD/VES 899.36 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.49 ▲ 2.33% USD/TTD 6.72 ▲ 2.23% EUR/BRL 6.17 ▼ 0.14% BRENT 92.60 ▲ 1.21% WTI 87.06 ▲ 1.19% IRON ORE 161.91 — — COPPER 6.28 ▲ 1.00% GOLD 4,038 ▲ 0.19% SILVER 52.54 ▲ 2.81% SOY 1,226 ▲ 0.14% CORN 446.50 ▼ 0.56% WHEAT 596.25 ▲ 0.59% COFFEE 262.45 ▼ 3.30% SUGAR 18.33 ▲ 1.33% ORANGE JUICE 146.00 ▼ 0.51% COTTON 82.64 ▲ 5.02% COCOA 5,040 ▲ 6.28% BEEF 219.15 ▲ 1.36% CATTLE 330.48 ▲ 0.65% LITHIUM 61.02 ▲ 1.73% PETR4 43.47 ▼ 3.29% VALE3 65.05 ▲ 0.39% ITUB4 41.85 ▲ 1.58% BBDC4 14.72 ▲ 1.24% ABEV3 15.75 ▼ 0.25% BBAS3 17.10 — 0.00% B3SA3 14.80 ▲ 2.21% WEGE3 51.32 ▲ 0.73% PRIO3 61.32 ▲ 2.17% SUZB3 54.53 ▲ 0.13% RENT3 30.44 ▲ 2.18% AZZA3 15.26 ▲ 3.60% CSAN3 2.81 ▲ 4.85% RAIZ4 0.30 ▼ 98.77% PCAR3 2.57 ▲ 0.39% GMAT3 3.99 ▲ 4.72% PSSA3 46.48 ▼ 0.41% CVCB3 0.90 ▲ 4.65% POSI3 3.31 ▲ 5.08% SLCE3 17.21 ▲ 0.70% NATU3 5.63 ▲ 1.44% BRKM5 2.98 ▲ 2.05% RANI3 8.56 ▲ 1.30% CSNA3 4.46 ▲ 1.83%
since 2009
Wednesday, November 11, 2026

Nigeria Africa

Nigeria Oil Output Dips to 1.69m a Day

By · · 4 min read
A gas flare burning on an offshore oil platform under dark storm clouds over the sea
Photo: Swandau / Wikimedia Commons (CC BY-SA 3.0)

NIGERIA · OIL AND GAS

Nigeria pumped an average of 1,687,710 barrels of crude oil and condensate (an ultra-light liquid that comes out with natural gas) a day in October 2026, 1.7% less than in September. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the state regulator of the oil and gas fields, published the figure on Wednesday 11 November 2026.

Key Facts

Free daily brief — no card needed
Get every Africa story in one morning email
We build you a personalized brief around the topics you follow — free for 7 days. Love it? Your first month after that is US$1.
  • Output Crude and condensate averaged 1,687,710 barrels a day in October 2026, down 1.7% from September.
  • Year on year That is 5.7% above October 2025, when output averaged 1,597,199 barrels a day.
  • OPEC limit Crude alone averaged 1.51 million barrels a day, 101% of Nigeria’s 1.5 million OPEC limit.
  • Streak Sixth straight month at or above the OPEC limit, which counts crude only, not condensate.
  • Range Daily output peaked at 1.79 million barrels and bottomed at 1.60 million.

Output slipped for the month but stayed well above last year, and crude alone cleared its OPEC limit again.

What Nigeria Pumped in October

Daily output averaged 1,687,710 barrels in October, against about 1.72 million in September, a fall of roughly 29,000 barrels a day. A year earlier, in October 2025, Nigeria produced 1,597,199 barrels a day, so the gain over the year is 90,511 barrels, or 5.7%.

Within the month, output peaked at 1.79 million barrels on the best day and dropped to 1.60 million on the weakest. The regulator credited steadier operations, longer uptime and more efficient crude evacuation, meaning the movement of oil from the fields to export terminals.

Waterfront on the Nigerian coast with a small boat in the foreground
File photo. A waterfront on Nigeria’s coast with a small boat in the foreground, undated. Photo: XEON, CC BY 3.0, Wikimedia Commons.
RT
Ask Rio Times
17 years of Latin America reporting, on demand.
Open the full Ask Rio Times →

Crude Alone Clears the OPEC Quota

OPEC, the group of oil-producing countries that includes Nigeria, gives each member a limit on crude output called a quota. Nigeria’s is 1.5 million barrels a day, and condensate is not counted against it.

Crude alone averaged 1.51 million barrels a day in October, or 101% of the quota. By the regulator’s count that is the sixth month in a row at or above the limit, after 1.53 million in May, 1.55 million in June, 1.51 million in July, 1.50 million in August and 1.53 million in September.

Which Terminals Carried the Load

The Forcados terminal averaged 318,490 barrels a day, the most of any export point, followed by Bonny at 311,020. Qua Iboe loaded 173,970, Escravos 134,670 and the Bonga deepwater offshore field 106,650.

Forcados, Bonny, Qua Iboe and Escravos are terminals through which Nigerian oil leaves the country. The terminal figures are monthly averages as reported by the regulator.

Workers in hard hats walk along a quay beside a dredger at the Dangote refinery site in Lagos, Nigeria
File photo. A dredger and workers at the Dangote refinery site in Lagos, March 2020. Photo: GodwinPaya, CC BY-SA 4.0, Wikimedia Commons.

What It Means for You

Nigerian oil is sold on world markets, so its monthly volume is one of the supply numbers that traders following OPEC from New York to Houston keep on their screens. With crude at 1.51 million barrels against a 1.5 million quota, there is almost no headroom: any further gain in crude would put Nigeria over its limit.

For background on the quota and the country, read our earlier reports on Nigeria’s oil output passing its quota and its 74-month high. Our guides to Nigeria’s economy and the country as a whole explain who runs the sector.

What Is Not Known

OPEC had not yet published its own October assessment of Nigerian output when the regulator released these figures, so there is no second series to compare against yet. The regulator’s statement gives no specific reason for the 1.7% dip from September.

It also does not say what caused the low of 1.60 million barrels on the weakest day. The next monthly figure, for November, will show whether output stays near the 1.7 million mark.

Frequently Asked Questions

How much oil did Nigeria produce in October 2026?

Nigeria produced 1,687,710 barrels a day of crude oil and condensate in October 2026, down 1.7% from September. That is 5.7% more than in October 2025.

Did Nigeria meet its OPEC quota in October?

Yes. Crude alone averaged 1.51 million barrels a day, 101% of the 1.5 million quota, the sixth month in a row at or above it.

What is condensate?

Condensate is an ultra-light liquid produced alongside natural gas. It counts in Nigeria’s total output but not against its OPEC crude quota.

Sources: Nigerian Upstream Petroleum Regulatory Commission (NUPRC), October 2026 production statement, 11 November 2026; NUPRC, Production Rises by 0.4% in August as Nigeria Meets OPEC Quota, NUPRC news release.

The Big Picture

Africa: The New Scramble — why the world’s powers are competing for the continent

This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. The Rio Times also runs Ask Rio Times, which answers from 100,000+ of our own articles, the daily Latin America Power Map, and prediction-market odds on elections and markets.. How we use AI · Report an error

Africa Intelligence

One email, every weekday morning. African markets, politics and business — filed from our newsroom in Rio.

Yesterday’s subject line: “Polisario orders mobilisation as UN mission lapses”

Free. We send a confirmation link first — nothing arrives until you click it. Unsubscribe with one click in any edition. If you stop opening us for 30 days we stop sending by ourselves, as we assume the interest is no longer there. See our privacy policy. We never share your email.

Brazil runoff date: Sunday, October 25, poll closing times and when results start · Brazil runoff polls: Flávio 51%, Lula 49% · Kalshi and Polymarket odds

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.