W.Africa Crude - Market holds steady
XLE•Reporting and editing details
Reporting by Seher Dareen
Editing by David Goodman
West African crude differentials steady
LONDON, Aug. 18 (Reuters) - West African crude oil differentials were steady on Tuesday.
- Increased availability of Middle East and Latin American grades was weighing on the West African market as all grades compete among Asian refiners.
- Argentine crude exports reached a record high of 285,000 barrels per day in July, Kpler analysts said in a note. This weighed on the West Africa market, two traders said.
- In the previous session, Nigerian Bonny was offered at dated Brent plus $4.10 for September loading via the Argus Open Markets platform, a trade source said, edging down from the plus $6 reported last week.
- Nigeria's Dangote Refinery has secured a $1 billion underwriting programme for its planned stock market listing.
