Nigeria’s February crude loading programmes begin to emerge

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Spot activity was thin on Friday as traders started to receive Nigeria’s February loading programmes, Reuters reports.

The February Qua Iboe programme emerged on Friday and is set to be lower than January with seven cargoes, or about 238,000 barrels per day (bpd), including two cargoes deferred from January.

Usan and Yoho programmes also emerged. The Agbami programme came out with seven cargoes in February, as in January, but the barrel-per-day count is higher owing to the shorter month at 244,000 bpd.

The Escravos February schedule has six cargoes, including one partial of 500,000 barrels, or about 188,000 bpd, compared with six cargoes in January at 163,000 bpd. Close to 25 cargoes were still left from the January programme.