W.Africa Crude - Differentials stay under pressure

Indian Oil

06/07/2026 17:13

    LONDON, July 6 (Reuters) - West African crude differentials remained under pressure on Monday, moving lower on a larger supply of crude.
West African excess barrels have to compete with Middle Eastern grades coming to Europe, more U.S. WTI flows to Europe and volumes from strategic reserves, traders have told Reuters. 
Additionally, Indian Oil Corporation issued a tender last week.
In the wider market, Nigeria pumped around 1.65 million barrels per day in June, according to a Reuters survey on output by the Organization of the Petroleum Exporting Countries. It had a quota of 1.50 million bpd.

 (Reporting by Seher Dareen)
 ((seher.dareen@thomsonreuters.com))