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

(Reuters) – 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