The United States refineries have upped their imports of Iraqi, Nigerian, Brazilian, and Angolan crude oil, with May volumes, double that of April levels, data from Refinitiv Eikon has shown. Oil imports from Nigeria and other countries to the United States spiked as oil supply from Iran and Venezuela dried up, and as reduced OPEC production made scarce heavy sour and even medium sour grades. Of note, Iraqi oil rose to 600,000 barrels per day in May, just in time for summer driving season to come, Refnitiv data showed. Nigeria and Angola, too, are increasing their shipments to the US in May as well, at a combined 420,000 bpd, according to Refinitiv data, up from 19,000 bpd in February and up from 182,600 bpd in January. Nigeria has set oil production target of 2.3 million barrels per day (mbpd) at a price benchmark of $60 to support the 2019 […]