W. Africa Crude-Differentials steady amid slow July start

Reuters

May 29, 2025

LONDON, May 28 (Reuters) - West African crude oil differentials were steady on Wednesday after what traders have called a slow kick-off to the July loading programme.

* Trading of July-loading cargoes is off to a gradual start, a trade source said.

* June cargoes remain unsold from Nigeria even as July loading programmes surface.

* Recent offers include Bonny Light at dated Brent plus $1.50 a barrel, Bonga at dated Brent plus $3.50, Erha at dated Brent plus $2.50 and Forcados at dated Brent plus $3. No updated offers were heard on Wednesday.

* A fire on an offshore oil platform in Angola operated by Chevron last week hasn't had much of an impact on prices, a source said.

(Reporting by Anna Hirtenstein and Alex LawlerEditing by Kirsten Donovan)

((anna.hirtenstein@thomsonreuters.com;))

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Africa Crude-Differentials steady amid slow July start</title></head><body><p><span>LONDON, May 28 (Reuters)</span><span> - </span>West African crude oil differentials were steady on Wednesday after what traders have called a slow kick-off to the July loading programme.</p><p>* Trading of July-loading cargoes is off to a gradual start, a trade source said. </p><p>* June cargoes remain unsold from Nigeria even as July loading programmes surface.</p><p>* Recent offers include Bonny Light at dated Brent plus $1.50 a barrel, Bonga at dated Brent plus $3.50, Erha at dated Brent plus $2.50 and Forcados at dated Brent plus $3. 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Africa Crude-Differentials steady amid slow July startLONDON, May 28 (Reuters) - West African crude oil differentials were steady on Wednesday after what traders have called a slow kick-off to the July loading programme.* Trading of July-loading cargoes is off to a gradual start, a trade source said. * June cargoes remain unsold from Nigeria even as July loading programmes surface.* Recent offers include Bonny Light at dated Brent plus $1.50 a barrel, Bonga at dated Brent plus $3.50, Erha at dated Brent plus $2.50 and Forcados at dated Brent plus $3. No updated offers were heard on Wednesday.* A fire on an offshore oil platform in Angola operated by Chevron last week hasn't had much of an impact on prices, a source said.  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