Demand for Nigerian crude appears to be slowing, as its key customer India takes in cheaper Russian oil.
There are still a few cargoes of Nigerian crude left over from the September schedule, a trader said On Thursday.
Nigeria’s October loading schedule emerged in late August. The West African country on average typically has 40 cargoes of crude on offer any given month.
Sales in Angola, which counts China as its main customer, also appears to be thawing, with a trader on Wednesday suggesting only one cargo from its October loading schedule was sold in the past week.
Source: Reuters (Reporting by Natalie Grover in London; editing by David Evans)