W.Africa Crude - Market holds steady

Mangalore Refinery and Petrochemicals

18/08/2026 18:11

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.

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