Oil market: Nigerian crude differentials soften as overhang persists

29 January 2019, Lagos — Sky-high prices for Nigerian crude cargoes ensured muted spot activity on Monday, though an overhang of unsold barrels brought differentials down from last week’s 2014 peaks, traders said. Bonny Light and Escravos for March loading were indicated at $2.15-$2.20 above dated Brent, traders said, compared with offers around $2.50 on Friday, … More »