LONDON, June 11 (Reuters) - Offers for light grades of
Nigerian crude oil were steady on Thursday, after falling
slightly in recent days due to poor refining margins, especially
in Europe.
* Offers of Nigerian Bonny Light and Qua Iboe oil hovered at
around a dollar above dated Brent or slightly below.
* Indian demand has boosted hopes of a pickup in buying, but
with large stocks of oil still to be tapped - especially in
Europe - and oil prices generally rising, traders sense Asian
appetite may soon wane.
* Nigeria's Department of Petroleum Resources (DPR) released
data on recent production and exports, stating the country's
commitment to complying with OPEC+ production cuts by July.
* India's HPCL has two spot tenders for 2 million barrels of
oil, including mostly West African grades. One is for Sept. 1-10
delivery and the other for Oct. 1-10. Both close next week.
* Fewer than 10 cargoes of Angolan oil remain for export in
July, with new export schedules for August due to be published
early next week.
RELATED NEWS
* Nigeria's upper house of parliament passed an increased
budget for 2020 on Thursday, as Africa's biggest economy tackles
the new coronavirus pandemic and a sharp fall in the price of
oil, the country's most valuable export. * The value of Angola's oil exports fell by just under 48%
in May from April, figures released by the finance ministry
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Nigerian oil exports https://tmsnrt.rs/3e0bbUo
Nigerian oil production https://tmsnrt.rs/30JMrfl
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