Nigeria’s crude oil exports are on track for a month-on-month rise in March after a string of loading delays pushed back some cargoes. Exports are slated to reach 1.62 million barrels per day (bpd) in March on 55 cargoes, up from a revised February loading schedule of 1.48 million bpd on 46 cargoes. Shipments of Erha and Qua Iboe that were originally planned to load in February were deferred, adding to the March exports and taking away from the original February plan of 1.62 million bpd, loading programmes compiled by Reuters revealed. Meanwhile, Oil prices fell yesterday as news of another weekly increase in the United States drilling activity had oil forecasters concerned that production cuts from other producing nations may not reduce the global supply glut as much as had been hoped. Global benchmark Brent crude oil prices settled down 29 cents at $55.23 a barrel, while U.S. […]