W. Africa Crude-Programmes emerge, trade slow as market weighs Libya outage

 LONDON, Jan 20 (Reuters) - More Nigerian loading programmes
for March emerged on Monday though trade was slow as the market
focused on the Libyan oil port blockade. * Refiners had to cancel cargoes after force majeure was
announced at almost all of Libya's terminals and will likely
have to seek alternatives. Libya exports mainly light, sweet
crude that is similar to many Nigerian grades. * Bonga will have five cargoes in March, Bonny Light will
have eight and Forcados will have nine cargoes. * Exports of Nigeria's four key crude oil grades are set to
rise in March to 922,000 barrels per day (bpd) from 888,000 bpd
in February, according to loading programmes. * A large glut of over 35 Nigerian cargoes remains for
export in January and February. RELATED NEWS * Libya will face a "catastrophic situation" unless foreign
powers put pressure on eastern-based commander Khalifa Haftar to
lift a blockade of oilfields that has cut output to almost zero,
the country's internationally recognised premier said on Monday. (Reporting By Julia Payne) ))

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