W. Africa Crude-Nigeria's Qua Iboe exports to rise

Published 24/06/2019, 17:24
W. Africa Crude-Nigeria's Qua Iboe exports to rise

LONDON, June 24 (Reuters) - Nigeria's loading programmes for
August were starting to be issued on Monday with the Qua Iboe
schedule pointing to more ample supplies.

NIGERIA
* Nigeria's Qua Iboe crude oil stream will export 9 cargoes
in August, up from 6 originally planned in July, a trade source
said on Monday citing a loading schedule.
* At least 20 cargoes remain for July loading, according to
traders.
* Differentials for some grades have reached multi-year
highs due to stronger demand especially in Northwest Europe.
Qua Iboe for July loading was last heard to be offered at
dated Brent plus $2.80 a barrel. If a cargo traded at that
level, it would be the highest differential since mid-2014,
according to Refinitiv Eikon data.

ANGOLA
* Some cargoes remain for July loading, while the
preliminary programme for August has added another 45 cargoes.


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