NIGERIA’S oil export programme may have continued on the downward swing, as indications emerged that the nation would only export 1.83 million barrels per day in October. According to the loading schedules, Nigeria will export about 1.83bpd of crude oil in October, down from 1.94 million bpd exported in September. Traders said some Angolan crude grades have been cleared for October loading, while Nigerian cargoes appeared to be finding buyers more slowly. Nigeria’s Qua Iboe offers to be at dated Brent plus $2.00, unchanged. A trader said cargoes were likely to be sold at dated Brent plus $1 to plus $1.50. Sources however said that, about four Qua cargoes loading in October have traded, leaving as many as eight still looking for buyers. However, Brazil emerged the largest buyer of Nigeria’s crude oil, overtaking India that occupied the position in the first quarter of this year. The development followed […]