Home > World > W.Africa Crude-Differentials drift down amid lower demand

W.Africa Crude-Differentials drift down amid lower demand

Last Updated: October 6, 2025 21:41:54 IST

LONDON, Oct 6 (Reuters) – West African crude oil differentials drifted lower on Monday after a major tender avoided this region's grades, pointing to lower demand. * An Indian Oil Corp tender on Friday snapped up alternative grades and shunned West African crudes, a trade source said. * Traders are awaiting a new tender by Hindustan Petroleum Corp Ltd this week. * Among offers on Monday were Angola's Cabinda at dated Brent plus $1.25 and Dalia at dated Brent plus 50 cents. Nigeria's Bonny Light was offered at dated Brent plus $1.50. * About 10-15 Nigerian cargoes still remain unsold for October, while Angola and Congo's October stock have cleared, the trade source said. (Reporting by Anna Hirtenstein; Editing by Shilpi Majumdar)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

Most Popular

The Sunday Guardian is India’s fastest
growing News channel and enjoy highest
viewership and highest time spent amongst
educated urban Indians.

The Sunday Guardian is India’s fastest growing News channel and enjoy highest viewership and highest time spent amongst educated urban Indians.

© Copyright ITV Network Ltd 2025. All right reserved.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?