Nigeria’s crude oil export grades are set to leap to 895,000 bpd from 740,000 bpd recorded for May according to preliminary loading programmes.
These are Bonny light, Bonga and Forcados but Qua Iboe will drop some barrels to have 253,000 bpd from 276,000bpd
The Nembe Creek Trunk line fire, which led its operator, Aiteo to declare force majeure did not have an immediate supply effect on Bonny Light, as some of the pipelines were still able to supply crude oil.