Africa Economy Energy Natural Resources Nigeria Oil

Shell cuts Nigeria’s Bonny Light, Bonga export for June

Royal Dutch Shell has circulated its export schedule for June loading of Nigerian Bonny Light and Bonga crude, with the former set to fall sharply in June.

Loading schedule published by Reuters showed that export of Bonny Light will fall to 190,000 barrels per day from 245,000 planned for May.

After being delayed, export programmes for West African crudes eventually emerged on Friday.

Nigeria was earlier reported to have haggled with international majors on cutting output following the agreement by the Organization of the Petroleum Exporting Countries, OPEC+ to cut a combined 9.7 million barrels per day effective from May 1.

Source: SweetCrudeReports via CrudeMix

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