Oil
Nigeria oil output dips in nine-month tally despite quota compliance
Nigeria recorded a slight drop in total crude and condensate production over the first nine months of the year, even as it met its OPEC quota for five consecutive months.
Key points
- Total output reached 450.17 million barrels between January and September.
- Crude oil production alone averaged 1.53 million barrels per day in September, hitting 102 per cent of the OPEC target.
- The Nigerian Upstream Petroleum Regulatory Commission cited stable operations and fewer pipeline outages for the recent rebound.
Production trends
According to Punch, Nigeria yielded 450.17 million barrels of combined crude oil and condensate from January through September. This total represents a 1.63 per cent reduction compared to the 457.65 million barrels registered during the corresponding timeframe in the previous year.
Data released by the Nigerian Upstream Petroleum Regulatory Commission indicated that daily average figures for crude and condensate climbed by 2.34 per cent in September to reach 1.717 million barrels. Daily volumes fluctuated between a low of 1.68 million barrels and a peak of 1.84 million barrels during the month.
OPEC quota compliance
Eniola Akinkuotu, Head of Media and Corporate Communications at the NUPRC, stated that crude oil production alone averaged 1.53 million barrels daily in September, omitting condensates. Punch reported that this output achieved 102 per cent of the nation's 1.5 million barrels per day OPEC allocation, marking five straight months of meeting or surpassing the assigned threshold.
Operational stability
The regulatory body explained that the September figures benefited from consistent asset performance and a lack of significant pipeline disruptions. These factors helped bolster output uptime and evacuation efficiency across the upstream sector.
Original reporting
This article draws on the following reports. Read them in full on the publishers’ sites.
Context from CEII
Crude benchmarks move budgets, currencies and inflation in producer and importer countries alike. For economies such as Nigeria, where fuels dominate exports, production and refining decisions move the whole economy.
85.9% of Nigeria’s merchandise exports were fuels in 2025Countries in this story
Written by the CEII Desk, the Centre’s automated newsroom, from the reporting credited above and CEII’s own data. Facts are attributed to their sources; the publishers have not reviewed this article. Spotted an error? Tell our editors.
