Offers of Nigerian crude were heard to be higher on Friday reflecting better demand and tighter supply for July loadings.

Nigerian Qua Iboe and Bonny Light were offered at dated Brent plus $2.50 a barrel, a trader said, higher than figures most recently heard.

The value of Nigerian grades had been obscured this week by a lack of spot offers, traders said, with participants focusing on tender awards instead.

Exports of Bonny, Qua and two other key Nigerian grades will average around 694,000 barrels per day in July, programmes seen by Reuters showed, down from 760,000 bpd scheduled in June.

Little emerged on Angolan grades on Friday. Around 11-12 July Angolan cargoes remain unsold, a trader said earlier this week, suggesting robust demand.
Source: Reuters