The October total could rise by about 30,000 bpd to 1.88 million bpd if the Pennington crude stream provides a cargo, as it did in September. Even so, it would still be down from about 2 million bpd planned in September.
If one Pennington loads, supplies from Africa’s largest oil exporter in October are set to be the lowest since March, when shipments were 1.86 million bpd according to Reuters estimates.
The loading programs show 63 full or part-cargoes for export in October, down from 67 in September.
Loading schedules are usually revised and the final tally for the month is likely to be adjusted slightly.
Nigeria’s largest crude stream, Qua Iboe, is scheduled to load 11 cargoes in October, one less than in the shorter month of September. Shipments from other streams including Forcados, Okwori and EA are also scheduled to be lower.
August’s exports are set to average 2.29 million bpd, the most since January 2006, as Nigeria benefits from a period of relative peace and stability in the oil-producing Niger Delta.
Supplies from Africa’s second-largest exporter, Angola, are also expected to decline in October, falling to 1.60 million bpd from 1.67 million bpd in September.