By Joe Brock
LONDON (Reuters) - Nigeria's exports of its benchmark Qua Iboe crude oil are set to hit a three-year high in June, traders said on Wednesday.
Preliminary loading programmes show exports of Qua Iboe will jump to an average of around 412,000 barrels per day (bpd) in June, up from around 368,000 bpd in May and the highest average daily volume in three years, according to Reuters data.
Nigeria's Forcados crude oil stream will also load much more crude in June at around 225,000 bpd, up sharply from around 158,000 bpd in May, trade sources said.
But the Bonny Light stream will load slightly less with around 152,000 bpd in June, versus 189,000 bpd in May, they said.
Traders said it was not clear if the larger loading programmes would put pressure on Nigerian price differentials for June.
"This is a big programme but exports have been consistently high over the last few months. I'm not sure what levels will look like until we see some offers," one West African trader said on Wednesday.
Qua Iboe crude has generally been the largest stream in Nigeria over the last four years since militant attacks cut out a large proportion of the country's Bonny Light production.
Qua Iboe is a gasoline-rich crude popular with U.S. buyers. There were 13 Qua cargoes of 950,000 barrels each due to be shipped in June, up from 12 in the longer month of May.
Other loading schedules emerged showing three Yoho cargoes would be shipped in June, taking daily average exports to 95,000 bpd, down from 123,000 bpd due in May, traders said.
Brass River June crude loadings were set to average around 124,000 bpd in 5 cargoes of mixed sizes, traders said. The daily volume is steady from expected May exports.
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