W. Africa Crude-Some Nigerian offers trimmed on ample supply

Published 26/09/2019, 16:58
© Reuters.  W. Africa Crude-Some Nigerian offers trimmed on ample supply

LONDON, Sept 26 (Reuters) - Some sellers of Nigerian crude

were trimming their offer levels on Thursday, traders said, amid

ample supplies.

NIGERIA

* Offers of Bonny Light/Qua Iboe were heard to be coming

from dated Brent plus $2.75, a trader said, lower than

previously heard.

* The fall in asking prices came with sentiment among some

potential customers that earlier indications were too high.

* On Tuesday, traders said Qua Iboe continued to be offered

at about dated Brent plus $3.00, likely by Exxon.

* Supply is ample with over 20 cargoes from October

lingering, slowing down trades of crude exporting in November.

ANGOLA

* About four to five October-loading cargoes are still

available plus around 17 November cargoes, a trader said.

* Another cargo of Cabinda was added to the loading

programme for mid-November and is with Sonangol, boosting total

November supply to 40 cargoes.

TENDERS

* Both Indian Oil Corp. and Thailand's PTT were running

tenders for West African grades set to close late this week, but

details did not emerge.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2024 - Fusion Media Limited. All Rights Reserved.