Nigerian oil exports to remain flat in May

Loading plans showed on Friday that Nigeria’s oil exports are expected to hold at close to 1.8 million barrels per day (bpd) in May, Reuters reports.

The loading plan included at least 1.799 million bpd on 61 cargoes, but traders said two to three additional 950,000 barrel cargoes of Usan would be added at some point.

Usan operator ExxonMobil had not yet released the programme as it negotiated ownership of the cargoes, traders said.

As a result, total May crude oil loadings are likely to be just above 1.8 million bpd, largely flat compared with April’s initial loading plan of 1.854 million bpd.