Nigeria oil exports to fall from 21-month high in January

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According to a compilation of loading plans, Nigeria’s January oil exports are expected to slip back from a 21-month high hit in December, Reuters reports.

Crude oil exports of 1.76 million barrels per day (bpd) are scheduled for January on 62 cargoes. The total compared with exports set at 1.94 million bpd in December, the highest
scheduled since March 2016.

Traders said some of the December cargoes could slip into January, but that the exports are likely to be slightly lower on the whole.