{"id":26139,"date":"2020-06-12T18:52:35","date_gmt":"2020-06-12T18:52:35","guid":{"rendered":"https:\/\/www.africa-press.com\/nigeria\/?p=26139"},"modified":"2020-06-12T18:52:35","modified_gmt":"2020-06-12T18:52:35","slug":"nigerian-crude-offers-steady-with-margins-still-under-pressure","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/all-news\/nigerian-crude-offers-steady-with-margins-still-under-pressure","title":{"rendered":"Nigerian crude offers steady with margins still under pressure"},"content":{"rendered":"

Africa Press-Nigeria:<\/p>\n

Offers for light grades of Nigerian crude oil were steady on Thursday, after falling slightly in recent days due to poor refining margins, especially in Europe.<\/p>\n

Offers of Nigerian Bonny Light and Qua Iboe oil hovered at around a dollar above dated Brent or slightly below.<\/p>\n

Indian demand has boosted hopes of a pickup in buying, but with large stocks of oil still to be tapped \u2013 especially in Europe \u2013 and oil prices generally rising, traders sense Asian appetite may soon wane.<\/p>\n

Nigeria\u2019s Department of Petroleum Resources (DPR) releaseddata on recent production and exports, stating the country\u2019s commitment to complying with OPEC+ production cuts by July.<\/p>\n

India\u2019s HPCL has two spot tenders for 2 million barrels of oil, including mostly West African grades. One is for Sept. 1-10
\ndelivery and the other for Oct. 1-10. Both close next week.<\/p>\n

Fewer than 10 cargoes of Angolan oil remain for export in July, with new export schedules for August due to be published<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa Press-Nigeria: Offers for light grades of Nigerian crude oil were steady on Thursday, after falling slightly in recent days due to poor refining margins, especially in Europe. Offers of Nigerian Bonny Light and Qua Iboe oil hovered at around a dollar above dated Brent or slightly below. Indian demand has boosted hopes of a […]<\/p>\n","protected":false},"author":62,"featured_media":9873,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[906,228,369],"class_list":["post-26139","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-economic-advisory","tag-oil-production","tag-opec"],"yoast_head":"\nNigerian crude offers steady with margins still under pressure - Nigeria<\/title>\n<meta name=\"description\" content=\"Africa Press-Nigeria:Offers for light grades of Nigerian crude oil were steady on Thursday, after falling slightly in recent days due to\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/all-news\/nigerian-crude-offers-steady-with-margins-still-under-pressure\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nigerian crude offers steady with margins still under pressure\" \/>\n<meta property=\"og:description\" content=\"Africa Press-Nigeria:Offers for light grades of Nigerian crude oil were steady on Thursday, after falling slightly in recent days due to\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/all-news\/nigerian-crude-offers-steady-with-margins-still-under-pressure\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2020-06-12T18:52:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/2019\/05\/Oil-giant-Saudi-Aramco-e1554119944834-5cd473b8e2333.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"349\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"alico\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"alico\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/nigerian-crude-offers-steady-with-margins-still-under-pressure#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/nigerian-crude-offers-steady-with-margins-still-under-pressure\"},\"author\":{\"name\":\"alico\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/50afd2ef4f0e900bd0a176404a8484a7\"},\"headline\":\"Nigerian crude offers steady with margins still under pressure\",\"datePublished\":\"2020-06-12T18:52:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/nigerian-crude-offers-steady-with-margins-still-under-pressure\"},\"wordCount\":172,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/nigerian-crude-offers-steady-with-margins-still-under-pressure#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/2019\/05\/Oil-giant-Saudi-Aramco-e1554119944834-5cd473b8e2333.jpg\",\"keywords\":[\"Economic Advisory\",\"Oil Production\",\"OPEC\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/all-news\/nigerian-crude-offers-steady-with-margins-still-under-pressure#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/nigerian-crude-offers-steady-with-margins-still-under-pressure\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/nigerian-crude-offers-steady-with-margins-still-under-pressure\",\"name\":\"Nigerian crude offers steady with margins still under pressure - 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