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Nigeria Lowered Qua Iboe OSP to Lowest Since August


Nigeria has reduced the OSP for its Qua Iboe crude grade in December to Dated +$2.31/bbl, down from +$3.88/bbl in November and the lowest level since August according to a price list seen by Bloomberg.

  • December Qua Iboe exports are scheduled to fall by 41.8% on the month to 92kbpd.
  • Nigeria lowered the Bonny Light OSP to Dated to +$1.83/bbl in December, down from +$3.13/bbl in November and the lowest level since September.

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