Traders await Nigerian crude programmes

West African crude differentials were steady on Tuesday as traders awaited Nigerian loading programmes. About 20-24 cargoes of Nigerian crude were still available, traders said, slightly more than thought on Monday.

Qua Iboe was last being offered at around dated Brent plus $1.70 a barrel, a trader said, in line with indications reported on Friday. Total was heard to be holding some Qua cargoes.

There was still no sign of Nigerian schedules or official selling prices. One trader said a public holiday in Nigeria this week might have delayed their emergence.

Source: Reuters

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