Nigerian crude cargoes have received some support from favourable refining margins in Europe. Around 15-20 Nigerian cargoes remained for May loading. Major Nigerian grades Bonny Light and Qua Iboe continued to be indicated at or above a $2.00 premium compared…
Three months of loading programmes for Nigeria’s key grade Bonny Light emerged on Friday. Exports of Nigeria’s Bonny Light crude oil are set to fall in September to five cargoes from seven in August, a loading programme from a trade…
Sheds N83 billion in one month Nigeria’s crude oil production fell by 156,900 barrels per day (bpd) to 1.269 million bpd in March, from 1.426mbpd recorded in February. Consequently, the country lost its status as Africa’s top oil producer to…
