BPCL takes Agbami from Vitol as Nigerian crude sees brisk spot trade

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BPCL booked at least one cargo of Nigerian crude, while strong demand for light oil was helping the others sell quickly on a spot basis, Reuters reports.

Light grades, including Agbami, Qua Iboe and Bonny Light were selling quickly amid well-supported petrol margins.

Offer levels of around $2 per barrel were likely to find buyers, traders said, though no fresh spot deals surfaced. India’s BPCL took a cargo of Agbami in its latest tender, likely from Vitol.