Nigeria to Cut Agbami Exports for June to Seven Cargoes

Nigeria, Africa’s largest oil producer, plans to reduce Agbami crude exports in June to seven cargoes of 975,000 barrels each, one less than May, according to a loading program obtained by Bloomberg News.

The country will also ship four 950,000-barrel consignments of Escravos and two 900,000-barrel lots of Okono grade, unchanged from May, separate plans showed.

Loading programs are monthly schedules of crude shipments compiled by field operators to allow buyers and sellers to plan their supply and trading activities.