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Some Nigerian offered higher for April

Wednesday, 12 March 2025 | 14:00

Some Nigerian crude grades were offered higher for April loading, traders said on Tuesday, while the Angolan market was heard to be steady.

Nigerian Forcardos for loading March 27-28 was offered at dated Brent plus $3.50 a barrel and a cargo for April 25-26 was offered at dated Brent plus $3.80, a trader said.

Bonny Light for April 23-24 was offered at dated Brent plus $2.50, a trader said, steady with traders’ view of the grade’s value last week.

Bonga for April 27-28 was offered at dated Brent plus $4.30 and Erha for April 24-25 was indicated as available without an offer price, a trader said.

In the Angolan market, Cabinda was last on offer at dated Brent plus $2.20.

Sangos was offered at dated Brent plus 75 cents and Olombendo at dated Brent plus $2.50.
Source: Reuters

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