# Nigeria's October crude output averages 1.68 million bpd, meeting OPEC quota for sixth month

> Nigeria's October crude output averaged 1.68 million bpd, meeting its OPEC quota for the sixth consecutive month. The report was published by Reuters on November 11.

- Date: 2026-11-11 · published 2026-11-12T00:15:24.391Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/94447-nigeria-s-october-crude-output-averages-1-68-million-bpd-meeting-opec-quota-for
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Nigeria's compliance with its quota is a routine supply data point with little effect on global crude balances, so price impact is minimal.

## Read by commodity

- WTI: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2024-01-03 | [OPEC’s Crude Oil Output Steady in December Before New Supply Cuts - Bloomberg](https://feedsoft.ai/events/32039-opec-s-crude-oil-output-steady-in-december-before-new-supply-cuts-bloomberg.md) | +2.6% | +7.9% |
| WTI | 2019-02-01 | [EIA forecasts world crude oil prices to rise gradually, averaging $65 per barrel in 2020](https://feedsoft.ai/events/61262-eia-forecasts-world-crude-oil-prices-to-rise-gradually-averaging-65-per-barrel.md) | -2.1% | +6.3% |
| WTI | 2017-08-01 | [Brent and WTI crude oil prices expected to average about $50 per barrel through 2018](https://feedsoft.ai/events/70147-brent-and-wti-crude-oil-prices-expected-to-average-about-50-per-barrel-through.md) | -1.6% | -7.5% |
| WTI | 2017-07-01 | [Crude Inventory Draw Offers Sliver Of Hope For Oil Markets](https://feedsoft.ai/events/70661-crude-inventory-draw-offers-sliver-of-hope-for-oil-markets.md) | -3.5% | +9.1% |
| WTI | 2020-05-27 | [North American crude oil prices are closely, but not perfectly, connected -
		U.S. Energy Information Administration (EIA)](https://feedsoft.ai/events/53304-north-american-crude-oil-prices-are-closely-but-not-perfectly-connected-u-s.md) | +6.6% | +16.8% |

## Sources

- in.marketscreener.com: https://in.marketscreener.com/news/nigeria-s-october-crude-output-averages-1-68-million-bpd-meeting-opec-quota-for-sixth-month-ce785edbdc81f023

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.