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imageLONDON: Nigerian oil minister Emmanuele Ibe Kachikwu said the country is producing just 1.56 million bpd due to consistent attacks by militants.

The US Energy Information Administration said the country's May crude oil disruptions were at a seven-year high of 750,000 bpd.

Ghana began pumping crude from a second offshore field operated by Britain's Tullow Oil. The TEN field is expected to average around 23,000 barrels per day (bpd).

Iraq has resumed pumping oil from fields operated by state-run North Oil Company (NOC) via a Kurdish pipeline to Turkey, with roughly 70,000 bpd moving through the pipeline.

Libya also began loading a cargo of crude oil at the port of Zueitina for the first time since November last year in a deal with rival forces.

NIGERIA

Six cargoes of Bonny Light were scheduled to load in October, though at least two of them were deferred from September.

While the grade is under force majeure, it was still being exported via one of its two pipelines with delays of eight to 10 days, traders said.

Several other October programmes, including Agbami, Amenam, Yoho, Escravos and Akpo, also emerged. Akpo and Agbami included one additional cargo compared with September, with eight and five planned, respectively, but the others were lower.

There was no revised export plan yet issued for Qua Iboe, and traders said talk of exporting via an alternate pipeline had gone quiet.

ANGOLA

State oil company Sonangol had already sold two of the four cargoes it was offering for October loading, a Nemba and a CLOV.

It had offered the CLOV at a 10 cent discount to dated Brent, and the Nemba at a 20 cent premium.

Neither the buyers nor the sale price were immediately clear.

It offered its remaining cargoes, a Hungo and a Pazflor, at a discount of $1.70 per barrel to dated Brent. It had been offering the Pazflor at minus $1.80.

The October export plan fell by 366,000 bpd from September, its lowest since October 2006, though traders said it was possible cargoes could be added.

Copyright Reuters, 2016

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