Nigeria’s February crude oil exports drop

Total exports of Nigerian crude oil are expected to slide in February after reaching a three-month high for January, a compilation of loading programmes showed on Tuesday, Reuters reports.

The export programme for Brass River crude, which was under force majeure, had not yet been issued, leaving just 56 cargoes for a total of 53 million barrels planned for February loading.

While a Brass River programme was expected once the force majeure was lifted, it would not enable February exports to reach the 61.7 million barrels initially planned for January.

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