Business

Dec exports of Nigeria’s four major crude grades to hit 8-month high

Isaac UmunnaComment(0)

Exports of the four largest grades of Nigerian crude oil will rise to 879,608 barrels per day in December, the highest since April this year, according to loading schedules seen by trading sources on Wednesday.  Below is a table showing December exports of the Forcados, Bonga, Bonny Light and Qua Iboe crude streams, which underpin the InterContinental Exchange’s West African

contracts-for-difference derivatives in barrels per day:

 

Dec (bpd)   Nov* (bpd)

Qua Iboe        245,000      253,000

Bonga           153,225      190,000

Bonny Light     263,483      137,800

Forcados        217,900       210500

TOTAL           879,608      791,300

*Revised. Reuters

 

Isaac Umunna

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