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Nigeria to Cut January Bonny Light Crude Exports, Increase EA

Nigeria, Africa’s largest oil producer, is scheduled to export six cargoes of Bonny Light crude in January, one less than a revised plan for December, according to a loading program obtained by Bloomberg.

The country will also ship two cargoes of EA Blend, one more than is scheduled to load next month, with one of the December shipments deferred until January, a separate program 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.

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