Exports of Nigeria’s Bonny Light crude oil to fall in September

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Exports of Nigeria’s Bonny Light crude oil are set to fall in September to five cargoes from seven in August, a loading programme from a trade source showed.

* September cargoes will load at a rate of 152,000 barrels per day (bpd), compared with 216,000 bpd in August. July will have just three cargoes following the two-month force majeure.

* Bonga will have three cargoes in September.

* The Escravos programme came out with five cargoes and Agbami will have six cargoes in September.

* Angola’s state firm Sonangol sold a cargo of Sangos on Friday. It was originally allocated 19 cargoes of crude to market in September and most have already traded.

* Sonangol still has three cargoes of Cabinda, Dalia and Saturno available.

* Low freight rates and favourable spreads to Asia helped the quick sale.

* Traders were still waiting for the Forcados loading programme, which has had some delays due to an issue at the feeder pipeline Trans-Ramos.

* Indonesia’s Pertamina issued a new crude tender for September delivery. It closes on July 18 and remains valid until July 20.

* Gabon’s oil workers’ union ONEP on Friday ended a strike at Total facilities across the country after 11 days, it said in a statement.

* Turkey’s biggest oil importer Tupras has cut back purchases of Iranian crude since May, when the United States said it would re-impose sanctions on Tehran, and analysts say Tupras is likely to stick to lower volumes in coming months.