Exports of Nigeria's four main crude oil grades to rise in April

LONDON: Exports of Nigeria's four major crude oil grades will rise to 853,000 barrels per day in April from 708,000 bpd in March, monthly loading schedules seen by traders showed on Wednesday.

The Forcados crude oil stream will export 168,000 bpd in April versus 166,000 bpd in March, while the Bonga stream will load 190,000 bpd in April, up from 153,000 bpd the previous month.

Nigeria, which is part of the Organization of the Petroleum Exporting Countries, agreed to join a deal together with exporters outside of the group, to reduce crude output by 1.2 million bpd this year.

Under the deal, Nigeria committed to cutting production by 53,000 bpd.