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W. Africa Crude-Exports of main Nigerian oil grades set to dip

Thursday, 28 December 2023 | 21:00

Exports of the main Nigerian crude oil grades planned for February are set to dip, loading plans showed.

Exports of four main Nigerian crude oil grades in February are set to average about 657,000 barrels per day (bpd), according to preliminary programmes, down slightly from the previous month.

The scheduled loadings of the Bonny Light, Bonga, Qua Iboe and Forcados crude oil streams for January stood at 792,000 bpd.

Nigeria’s Escravos stream was due to export four cargoes while Agbami and Egina will load three cargoes each.

The Amenam, Erha and Akpo streams will load two cargoes each, while Ea, Yoho, and Usan will each load one.

Nigerian crude continued to sell slowly during the holiday season, with around 35 cargoes for loading in January remaining.
Source: Reuters (Reporting by Noah Browning; Editing by Kirsten Donovan)

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