(Bloomberg) — Nigeria, Africa’s largest oil producer, plans to increase exports of Akpo crude to six cargoes of 1 million barrels each in September, one more than August, according to a loading plan obtained by Bloomberg News.
The nation will also export four shipments of Escravos, three Erha and two Yoho, separate plans showed. Cargo sizes range from 950,000 barrels to 985,000 barrels.
Shipping schedules of Amenam and Okono grades weren’t available yet. 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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Trade is agnostic, and because it is a physical entity that can be tracked, it can blast away the bluster of trade announcements. The reality is in the trade moving.
India is sending additional warships to the Gulf of Oman and Arabian Sea to ensure the safe passage of its vessels in anticipation that Iran may allow more of its fuel tankers to exit the Strait of Hormuz, people familiar with the matter said.
Ukraine and its European allies hit out on Friday at a U.S. temporary waiver to allow countries to buy sanctioned Russian oil and petroleum products stranded at sea, with Ukrainian President Volodymyr Zelenskiy warning it would fund Moscow's war machine.
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