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Nigeria’s Crude Exports Set To High 17-Month High

Oil

Nigeria’s crude oil exports in August are expected to rise to 2.02M b/d, the highest since March 2016, Reuters reports, citing loading schedules. The current schedule compares with an initial plan for July of 1.84M b/d. However, loading delays on Bonga, Bonny Light (which is also under force majeure) and Qua Iboe crude have reportedly led to several of the July cargoes being moved into the August programme.