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Nigeria’s Crude Oil Exports Set To Fall M-o-M In April

Oil

Nigeria’s crude oil exports in April are scheduled to fall by around 110K b/d m-o-m to 1.54M b/d, Reuters reports, citing loading programmes. The largest monthly decline is expected to come from the Qua Iboe grade returning to more typical volumes, after the March programme was inflated by the inclusion of several delayed February cargoes. The only grade still under Force Majeure is Forcados, with repair work on the Trans Forcados pipeline ongoing after repeated bomb attacks in 2016.