September 12, 2017 / 3:59 PM / 6 months ago

W. Africa Crude-Grades steady but some offers seen as high

LONDON, Sept 12 (Reuters) - West African crude differentials were steady on Tuesday although offers for some grades such as Nigerian Forcados were seen by buyers as too high amid plentiful supply.


* Eight cargoes are still available from the October schedule, one trader said, compared with eight to nine on Monday. The November programme is expected to be released in coming days.

* Cabinda was offered at dated Brent plus $1.10, unchanged from price talks last week.


* There are at least 20 October-loading cargoes still available.

* Qua Iboe was offered at dated Brent plus $1.75 a barrel, the higher end of price talks heard on Monday, with value pegged closer to dated plus $1.40.

* Forcados was offered at dated Brent plus $2.00 although a trader said eight cargoes of this grade were available, making that offer too high.


* Indian refiner BPCL is looking for West African grades in a tender it is running this week. The tender closes on Friday. (Reporting by Alex Lawler; editing by David Clarke) ))

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below