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Nigeria s October Oil Inventory Struggles for Buyers
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Nigerian Crudes Struggle For Buyers As India Cuts Purchases |
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Oil climbs to highest since 2018 on demand growth, OPEC+ caution
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比特幣只是泡沫!華爾街大老:最大收益將在原油
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Nigerian crudes struggle for buyers as India cuts purchases – Report The Punch
Published 15 June 2021 Nigerian crude variants are now seeking other buyers in Asia and Europe as India’s COVID-19 situation remains shrouded in uncertainty amid stringent regional lockdowns and weak domestic consumption.
S&P Global Platts reported that most Nigerian crudes were trading at close to 12-month lows. The country’s flagship grade, Bonny Light was last assessed at Dated Brent minus $0.8 per barrel, up from a recent low of minus $0.95 per barrel, but still close to the weakest it has been since May 2020.
Akpo condensate, normally a preferred grade for Indian refiners, was last assessed at Dated Brent -$2.10 per barrel, its lowest level since September 2020.