LONDON: Nigerian diffs remained firm on Wednesday, thanks to demand for October-loading cargoes of Qua Iboe, while the initial flurry to buy Angolan grades subsided somewhat, traders said.
NIGERIA
Qua Iboe was heard to be changing hands between $1.30 and $1.50 above dated Brent for September loading and although offers were heard as high as $1.70-1.90, traders said any sellers would be unlikely to achieve prices at these levels.
Bonny Light was said to be unchanged around $1.30 above dated Brent.
A handful of cargoes were said to be unsold from the August and September programmes, down from closer to 30 last week.
ANGOLA
Between 15 and 20 cargoes were believed to be left from Angola’s 49-strong October loading programme, although two traders said the pace had slackened off somewhat in the last few days.
Offers for Dalia held steady at a discount of 60 cents to dated Brent, while October-loading Nemba was offered at a premium of 40 cents and Cabinda was indicated at close to 50 cents above dated Brent.
Source: Brecorder
