Nigeria Hits OPEC Oil Production Quota for Sixth Straight Month

Nigeria’s crude oil output averaged 1.51 million barrels per day (bpd) in October as OPEC’s biggest African producer pumped to its quota for the sixth consecutive month, data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) showed this week. Nigeria last month pumped a total of 1.688 million barrels of crude oil and condensate per day, according to the data from its upstream regulator. Excluding condensate production, which is not part of the OPEC+ production quotas, Nigeria’s crude oil production alone averaged…