Nigerian crude oil loadings for four major export grades are set to decline in March, with exports scheduled at about 793,000 barrels per day, according to preliminary loading programmes seen by Reuters.
This compares with 922,000 barrels per day scheduled for February, representing a drop of roughly 14%.
The grades covered are Qua Iboe, Bonny Light, Bonga, and Forcados, with individual volumes showing mixed but generally lower loadings month on month.
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— Qua Iboe is scheduled at around 184,000 barrels per day in March, up from about 170,000 barrels per day in February.
— Bonny Light is set at approximately 282,000 barrels per day, compared with 269,000 barrels per day in February.
— Bonga loadings are expected to fall sharply to about 61,000 barrels per day from 139,000 barrels per day.
— while Forcados is projected at around 266,000 barrels per day, down from 344,000 barrels per day in February.
The combined total for March stands at 793,000 barrels per day versus 922,000 barrels per day in February, and the figures may not add up exactly due to rounding.
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Image Credit: Reuters
