Nigeria’s Crude Oil Exports to Hold Steady in December

Total exports of Nigerian crude oil are expected to remain largely stable in December, putting more downward pressure on prices as the fight for buyers intensified among producers of light sweet crudes.

Reuters reports that Nigeria's export plan for December includes a total of at least 56.29 million barrels of oil, or 1.82 million barrels per day (bpd), according to provisional loading programmes.

That compared with November's export plan of 56.66 million barrels of oil, or 1.89 million bpd. But traders said more cargoes were likely to be added, with a possible total of nine Forcados cargoes.