LONDON: Nigeria will export about 1.86 million barrels per day (bpd) of crude oil in October, slightly more than earlier scheduled, according to revised loading schedules obtained by Reuters on Tuesday.
The total is up from 1.83 million bpd initially planned because one 950,000-barrel cargo of the EA crude grade will go for export in October, traders said. There were no exports of EA scheduled in August or September.
The upward revision, while slight, adds supply to an oil market already under downward pressure from a glut of crude in the Atlantic Basin.
Royal Dutch Shell, the EA operator, declared force majeure on EA in June to repair equipment damaged by bad weather.
Shell spokesman Jonathan French said on Tuesday the force majeure was still in place. Oil exports from Nigeria, Africa's top exporter, have recovered from the lowest in at least five years set earlier this year.
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