Nigerian October crude cargoes clearing steadily


Traders said on Monday that the number of unsold Nigerian crude cargoes for October loading is getting steadily smaller due to robust demand, amid signs of lower offers for some grades, Reuters reports.

Around 23-24 October-loading cargoes were still available, a trader said, down from Friday’s estimate of closer to 30.

Qua Iboe was offered at dated Brent plus $1.70-$1.75 a barrel, a touch lower than on Friday, with value pegged closer to dated plus $1.40.