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OIL: Nigerian Crude Diffs Under Pressure

OIL

Nigerian crude diffs faced pressure on Wednesday on ample supply and narrow refining margins traders told Reuters.

  • Nigerian Bonny Light crude was offered at dated Brent plus $1.25 a barrel for end-October loading a trader said to Reuters.
  • A significant volume of October loading cargoes are still to clear.
  • On Angola,  Sonangol was still offering its Nov. 28-29 Girassol cargo, its last spot cargo for the month  at dated Brent plus $3.00.
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Nigerian crude diffs faced pressure on Wednesday on ample supply and narrow refining margins traders told Reuters.

  • Nigerian Bonny Light crude was offered at dated Brent plus $1.25 a barrel for end-October loading a trader said to Reuters.
  • A significant volume of October loading cargoes are still to clear.
  • On Angola,  Sonangol was still offering its Nov. 28-29 Girassol cargo, its last spot cargo for the month  at dated Brent plus $3.00.