Thursday, December 5, 2019
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At least 30 cargoes of Nigerian crude were still available for September loading.

Shell, and Sahara were said to have been awarded a tender by Turkey’s Tupras, with a cargo of Bonny Light each, though prices did not immediately emerge.

India’s IOC appears to have stepped up its imports of West African oil this week, with Glencore set to send a VLCC of Escravos for mid-September loading.

Sellers were attempting to capitalize on the clearing of surplus barrels for August export and raising price offerings for September cargoes, with major grade, Qua Iboe being marketed for $2.60 above dated Brent compared to $2 for late August.

An uptick in U.S. gasoline demand may also provide a boon to lighter Nigerian grades, which have seen exports to the United States fall, as U.S. consumption of domestic crude ramps up.

Marathon Oil Corp is scheduled to take a cargo of Nigerian Forcados crude loading later this month for arrival at its Long Beach refinery, and is becoming one of the most consistent U.S. buyers of Nigerian oil.

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