Swedish refiner Preem purchases Nigerian Escravos from Mercuria


Crude spot dealing has been limited by pending tenders, though one European refinery purchased a cargo of Nigerian oil, Reuters reports.

Swedish refiner Preem purchased a cargo of February-loading Nigerian Escravos from Mercuria, traders said. The price was not immediately clear.

Other spot trading was quiet due to pending tenders, but traders also said demand had slowed due to the high flat price. As a result, traders said differentials would need to fall in order to spur spot trading.