LONDON (Reuters) – Nigeria’s Bonga crude oil stream is due to load 31,000 barrels per day (bpd) in October, down from 95,000 bpd the previous month, according to a preliminary export programme seen by traders.
The single cargo from the stream compares with four cargoes of Nigeria’s Qua Iboe crude oil set to be exported the same month, down from five in September.
The lower volumes plus the force majeure declared on exports of the other key Nigerian grades, Forcados and Bonny Light, have contributed to a significant reduction to supply from Africa’s top oil exporter.
(Reporting by Noah Browning; Editing by David Goodman)
