Nigeria to export around 1.8 mln bpd of crude in June

Petroleum minister, Madueke

Nigeria is to export around 1.8 million barrels per day of crude oil in June, compared to an initially planned 1.53 million bpd in May, data from trade sources showed on Wednesday.
The slight recovery in export levels is largely due to a return to near full production of the Forcados grade of crude oil.
Flows of the grade were disrupted by a leak in a pipeline, which operator Shell said it is repairing. The grade remains under force majeure, Shell said on Wednesday.
In June, shipping lists showed there will be six cargoes of Forcados exported, roughly in line with recent months where there was no disruption.
The total exported in May will be above the originally planned 1.53 million bpd as some Forcados cargoes that were due for export in April were pushed back a month due to a leak in a pipeline.
A trader said that there would be around two new cargoes of Forcados grade crude oil exported in May, while the remaining three would be pushed back from April.
This would have put the exports for the month excluding deferrals at about 1.65 million bpd, still far below average.