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OIL: Nigeria Cuts Qua Iboe & Bonny Light OSPs for Dec

OIL

Nigeria has reduced the official selling price for Qua Iboe crude in December to Dated Brent plus 89 cents/b, the lowest level since July, according to price lists compiled by Bloomberg.

  • This is down from a premium of Dated Brent plus $1.43/b in November.
  • The Bonny Light OSP was cut to Brent plus 47 cents/b, the lowest since July and down from Brent plus $1.13/b in November.
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Nigeria has reduced the official selling price for Qua Iboe crude in December to Dated Brent plus 89 cents/b, the lowest level since July, according to price lists compiled by Bloomberg.

  • This is down from a premium of Dated Brent plus $1.43/b in November.
  • The Bonny Light OSP was cut to Brent plus 47 cents/b, the lowest since July and down from Brent plus $1.13/b in November.