Nigerian differentials are faring better, in part due to shorter November programmes and loading delays on Qua Iboe and Forcados, Reuters reports.
The Erha loading programme for November emerged with just two cargoes, one with ExxonMobil and the second going to Vitol. This compared with four in October.
There was no Bonny Light programme, and the grade remained under force majeure. The declaration was expected to be lifted later this week or early next week as pipeline operator Aiteo finished repairs on the Nembe Creek Trunkline.
A relatively small Qua Iboe export plan for November, due to subsea maintenance work, along with loading delays on Forcados and Qua Iboe limited Nigerian availability. Fewer than 10 cargoes are left from Nigeria’s October loading programme.