Traders have begun to receive new Nigerian loading programmes for July.
Around 20 June loading cargoes of Nigerian crude were still available while the key July programmes began to emerge. Loadings of Nigeria’s Qua Iboe will fall 27 percent in July to 184,000 barrels per day down from 253,000 bpd in June.
Loadings of other major streams – Forcados, Bonga and Bonny Light – will also edge lower in July. As for the other Nigerian grades in July, Erha will load four cargoes of 950,000 barrels, Usan and Amenam will each have two cargoes, Escravos will load six cargoes or about 184,000 bpd. Antan will have one cargo in July.