Nigeria makes first crude oil sale to United States in six months (Guardian)

A cargo of Nigeria’s distillate-rich Bonga crude is due to move to the United States (U.S.) from the May loading programme, traders have disclosed, after a near six-month hiatus.

According to U.S. Customs data, the last cargo of Bonga arrived in the U.S. in December. Over the course of 2018, US imports of Bonga dropped to 36,272 b/d in December from 112/532 b/d in January.

Bonga, which has a gravity of 29.4 API and sulfur content of 0.25 per cent, is known for yielding a high percentage of gasoil and distillates.

“Bonga is a bit special, as it is the only grade that has seen interest from the US Gulf Coast recently, particularly given that Nigerian exports into the US decreased dramatically over the last year,” a crude trader said. Read more