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Nigeria Crude Exports Up 12% in Nov on Forcados Rise

OIL

Nigeria’s crude exports are set to gain by 12% m/m in November with exports from 14 grades showing 1.42mb/d for Nov, up from 1.27mb/d in October according to Bloomberg.

  • Nigeria’s Forcados crude exports are scheduled to increase to the highest in data back to 2007 at 323kb/d in November.
  • The export plan shows ten shipments carrying about 9.7mbbl compared to eight cargoes with 7.8mbbl (251kb/d) in October.
  • Bonga is steady at 137kb/d in November from 132kb/d in October.
  • Bonny Light at 127kb/d compared with 126kb/d.
  • Brass to drop to 33kb/d from 43kb/d.
  • EA steady m/m at 32kb/d.

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