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Nigeria to trim loadings of key crude Qua in August

Published 23/06/2020, 13:00
© Reuters.

LONDON, June 23 (Reuters) - Nigeria's largest crude stream,
Qua Iboe, will export six cargoes in August, a trade source said
on Tuesday citing a preliminary loading programme, down one from
July's schedule.
The drop in planned exports could reflect Nigeria's pledge
to the Organization of the Petroleum Exporting Countries and
allies to deepen oil output cuts in later months, after failing
to meet fully its supply cut commitments in May.
Assuming a standard cargo size of 950,000 barrels, Qua
loadings will average 184,000 barrels per day in August, down
from 215,000 bpd in July.

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