Nigerian has more than enough crude oil to supply despite loading delays

Stephen U.C, Petroleum news,Port-harcourt

Nigerian crude oil remains sufficient to supply to crude buyers even after another stream was affected by loading delays.

About 25-28 cargoes of July-loading crude are still available out of the 48 originally planned, a trader said, representing plentiful supply.

Loadings of Qua Iboe crude oil in June and July have been delayed by about a week following power outage, two trade sources said, shifting a few cargoes into later months.

Shipments of Bonny Light are subject to force majeure and the Trans Ramos pipeline, which carries Forcados to the coast for export, is closed for repairs.

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