Nigeria’s July programmes showed higher output on key grades on Tuesday after the country reduced its production in May and June to meet an OPEC-led deal to cut output as coronavirus lockdowns weighed on fuel demand.
The Nigerian National Petroleum Corporation (NNPC) on Friday raised June official selling prices for both Bonny Light BON-E and Qua Iboe crude oil QUA-E to dated Brent minus $1.05 per barrel.
According to Reuters, the May differential for Bonny Light was dated Brent minus $3.95 per barrel and for Qua Iboe, minus $3.92.
According to loading programmes showed on Tuesday the exports of Nigeria’s key crude oil grades Forcados and Qua Iboe will jump in July, while Bonny Light will edge slightly lower.
Forcados crude oil exports are set to jump to 272,000 barrels per day (bpd) in July, from 190,000 bpd in June, while Qua Iboe will load at a rate of 215,000 bpd in July, up from
only 95,000 bpd in June.
The Agbami and Escravos programmes will have five cargoes each in July.
Elsewhere, Nigeria’s Bonga crude oil export terminal has begun a two-week routine maintenance, operator Shell said on Tuesday, that began on May 21.
BP was offering a cargo of July loading Girassol at dated Brent plus $3.50 and a cargo of Saturno at dated Brent plus $1.00 a barrel.
Several cargoes of June loading Nigerian crude were on offer. BP was showing Escravos at dated Brent plus $2.50 and Forcados at dated Brent plus $2.85.
Meanwhile, Eni offered a June loading cargo of Saxi at dated Brent plus $1.90 and Brass River at dated Brent plus $1.50 a barrel.
Some analysts and banks have predicted recovering demand of crude oil as coronavirus lockdowns ease combined with output cuts by top producers could balance global oil
markets as soon as June.
![Rev. Fr. Anthony Odiong, a US-based Nigerian Louisiana Catholic priest, was arrested in Florida on Tuesday for possessing child pornography, according to law authorities. The suspect is reportedly accused of many other cases of sexual assault. The Waco, Texas, Police Department announced in a Facebook post on Tuesday that officers detained Father Anthony Odiong in Ave Maria, Florida, with assistance from the United States Marshals Service. Waco police announced in March that they had received "credible information" about a sexual assault allegedly committed by Odiong in Texas in 2012. “During the subsequent investigation, a case of possession of child pornography was uncovered,” the police said. The priest was apprehended in Florida by the Caribbean Regional Fugitive Task Force. The Waco Police Department said that he will be extradited to Texas. Odiong had previously served in the Archdiocese of New Orleans before being removed as priest in December of last year due to controversy over homilies in which he claimed, among other things, that the Catholic Church was being taken over by "the gays." At the time, the priest was also accused of abusive behaviour; a Louisiana lady claimed in U.S. bankruptcy court that Odiong had committed both financial and sexual abuse against her. Prior to joining the New Orleans Archdiocese, Odiong served in at least two Texas parishes. On Tuesday, Waco police stated that during their sexual assault investigation, "the presence of other survivors was revealed." “Multiple women have come forward to tell similar experiences as the sexual assault survivor who reported the initial allegation,” the police department said. “Survivors’ experiences ranged from sexual assault and indecent assault, more commonly recognised as groping, and financial abuse, with some survivors experiencing every element of Anthony Odiong’s manipulation.” The police said they “believe there may be more survivors, and we wish to speak with anyone who [has] had similar encounters” with the priest. The Archdiocese of New Orleans issued a brief news release on Tuesday noting Odiong's arrest in Florida. The archdiocese “encourages anyone with any information to contact law enforcement,” the release said.](https://chronicle.ng/wp-content/uploads/2024/08/ezgif-6-4730550ede-450x300.jpg "Anthony Odiong: Nigerian Catholic priest sentenced to life in prison over sexual assault")
