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Nigeria Cuts OSP For Qua Iboe Crude To Multi-Month Low

OIL

Nigeria has reduced its official selling price for Qua Iboe crude in June to 39c/bbl discount to Dated Brent, according to a price list seen by Bloomberg.

  • This is down by 2c/bbl from May and the weakest since October 2021.
  • The OSP for Forcados grade was cut to Dated 21c/bbl in June, down from 33c/bbl in May and the lowest since November 2021.

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