More Nigerian crude loading plans surface as Trafigura wins IOC tender

More Nigerian export plans for January 207 surfaced, as trader Trafigura won the right to sell Nigerian oil to Indian Oil Corp.
With January loading plans emerging with just over a handful outstanding including Abo, Brass, EA, Ebok, Okono, Okwori, Okwuibome, Oyo and Pennington. January exports already included 54 cargoes for a total of 1.574 million barrels per day (bpd).
While Forcados exports were expected to rise, Bonny Light, Agbami, Bonga, Qua Iboe and Yoho all had smaller export plans compared with December.
Indian Oil Corp bought two cargoes of Escravos from Trafigura for loading on January 10-20, 2018.
Nigerian National Petroleum Corporation (NNPC) lowered its official selling prices for Qua Iboe and Bonny Light crude to premiums of 71 cents and 50 cents, respectively, versus dated Brent, from $1.02 and 66 cents in November.
There were a variety of cargoes left for sale from the November and December loading plans, putting downward pressure on differentials.

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