Crude oil exports from Nigeria and other West African Countries are expected to rise in March, a recent report by Reuters stated. For Nigeria, exports of her largest oil grades, Qua Iboe, is expected to rise to 253, 000 barrels per day from 215, 000 bdp in March. Bonny Light exports will rise to around 242, 000 bpd from 174, 000 bpd in March. There was however no a change in the price of Qua Iboe as it remained $1.85 to dated Brent from levels of last week. Reuters stated that West African crude differentials held steady on Monday, as Nigerian loading programmes were still emerging and an industry event in London kept activity muted.

Read more at: https://theoilbloc.com/nigerias-crude-oil-grades-set-to-rise-in-march/

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