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At Least 10 Nigeria Oil Cargoes for April Yet to Find Buyers

OIL

At least 10 cargoes of Nigerian crude for loading in April are still looking for buyers, according to Bloomberg.

  • Around 40 cargoes in total are forecast for April.
  • While the trading pace is slower than normal, with May’s supplies hitting the market in the last few days, traders are remaining calm, with differentials yet to widen significantly.
  • Kpler’s Viktor Katona said the impact on Nigeria differentials of weakness in Europe’s physical markets has so far been relatively muted, Kpler’s Viktor Katona said.

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