W. Africa Crude-Grades steady, Nigerian programmes in focus

Published 22/02/2021, 17:37
© Reuters.

LONDON, Feb 22 (Reuters) - West African crude differentials
were steady on Monday as spot trading of Angolan cargoes had yet
to get underway and traders in the Nigerian market awaited the
latest official selling prices and loading programmes.

NIGERIA
* Qua Iboe was offered most recently at dated Brent plus 20
cents, a trader said, slightly weaker than Friday's assessment.
* U.S. supply outages have helped to support Nigerian
differentials.
* The March official selling prices for Nigerian crude and
loading programmes for April had yet to emerge.

ANGOLA
* A few March-loading cargoes are still available.
* State oil company Sonangol was still finalising April term
allocations on Monday, a trader said, and was not offering
cargoes on a spot basis.

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