Nigeria to Launch Exports of New Crude Grade as It Boosts Output

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Nigeria is set to launch a new crude grade, Cawthorne, in March, aiming to boost output and exports, and potentially increase its baseline in OPEC+ agreements.

Market Impact

Market impact analysis based on bullish sentiment with 90% confidence.

Sentiment
Bullish
AI Confidence
90%
Time Horizon
Short Term

Article Context

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Nigeria will launch exports of a new crude grade in March as OPEC’s biggest African oil producer looks to boost output and exports and seek a higher baseline in the OPEC+ agreements. The national oil company of Nigeria will start shipping the Cawthorne grade, a type of sweet crude similar to the country’s flagship Bonny Light crude, a spokesperson for NNPC told Reuters on Tuesday. The first loading of the new crude variety is set to take place in the third week of March, a source with knowledge of the plans told the publication. Cawthorne…

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Original article published by OilPrice.com on February 24, 2026.
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