Nigeria’s Daily Crude Oil Exports Set to Be Unchanged in January.

http://www.bloomberg.com/news/2010-11-18/nigeria-s-daily-crude-oil-exports-set-to-be-unchanged-in-january.html

Nigeria, a favored supplier of oil to U.S. refiners, plans to keep daily exports of its 14 main crude grades unchanged in January, according to preliminary loading schedules.

Shipments of the Nigerian crude will average about 2.2 million barrels a day, the loading plans obtained by Bloomberg News show. The same volume is to be shipped in December which exclude Oso, Okwori and Pennington grades.

Nigerian crude is mostly made of the light sweet variety favored by U.S. refiners for the quantity of gasoline it produces when processed. The oil trades as much as two months in advance. The west African state has a production target of 1.673 million barrels a day under its Organization of Petroleum Exporting Countries’ quota.

To contact the reporter on this story: Grant Smith in London at gsmith52@bloomberg.net Alexander Kwiatkowski in London at akwiatkowsk2@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net