Supply of Nigerian Bonny Light crude grade set to rise

Nigerian supply looked set to grow again in December.

Nigeria’s Bonny Light crude oil stream will load 263,483 barrels per day in December, up from 169,467 bpd originally scheduled for November, based on a loading programme seen by traders on Tuesday.

The December schedule includes 8 cargoes of 950,000 barrels each, one of which was deferred from November, and one 568,000 barrel cargo. Nigerian exports of Forcados crude oil have been set at 217,900 bpd in December, versus 210,500 bpd in November.

Source: Reuters

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