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Crude oil: Nigerian supplies on the rise

09/06/2025
Source : ORISHAS FINANCE
Categories: Raw materials

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Nigerian crude offerings would have been higher on Friday. This trend shows better demand and a smaller supply for July loads.

Nigeria's Qua Iboe and Bonny Light were on offer on the Brent date plus $2.50 per barrel, said one trader, more than the figures recently put forward. The value of Nigerian qualities was obscured this week by the absence of spot offers, traders said, with participants focusing instead. ocirc; t on the award of tenders.

Exports of Bonny, Qua and two other key Nigerian qualities will average around 694,000 barrels per day in July, according to programs consulted by Reuters, compared to 760,000 barrels per day forecast in June.

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