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Nigeria’s June Loading Programme Lower in May

OIL

Exports of the four main Nigerian crude oil grades are set to average 620.8k b/d in June, down from the 719.7k b/d in May, according to XM citing the preliminary loading programme.

  • The reduction is likely due to an overhang of May cargoes.
  • There are 9 cargoes of Forcados on offer, in addition to five cargoes each for Bonny Light, Bonga, and Que Iboe.
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Exports of the four main Nigerian crude oil grades are set to average 620.8k b/d in June, down from the 719.7k b/d in May, according to XM citing the preliminary loading programme.

  • The reduction is likely due to an overhang of May cargoes.
  • There are 9 cargoes of Forcados on offer, in addition to five cargoes each for Bonny Light, Bonga, and Que Iboe.