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Forcados oil loadings drive jump in Nigerian Nov key crude output

Thursday, 28 September 2023 | 12:00

Exports of four main Nigerian crude oil grades scheduled for November were set to average at about 746,000 barrels per day (bpd), according to preliminary programmes, a big jump from the October schedule.

Loadings of Bonny Light, Bonga, Qua Iboe and Forcados streams were down to a total of about 569,000 bpd in October.

Exports of Nigeria’s Forcados grade of crude oil resumed in mid August, roughly a month after loadings of the medium sweet grade were suspended.

In November, 323,000 bpd of Forcados are scheduled to load owing to delays from the suspension of the terminal.
Source: Reuters (Reporting by Natalie Grover and Alex Lawler in London)

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