W.Africa Crude - Market quiet as traders assess oil price volatility

Mangalore Refinery and Petrochemicals

14/08/2026 17:16

LONDON, Aug 14 (Reuters) - West African crude oil differentials were broadly steady in the spot market on Friday.
The market for West African grades has been mostly quiet this week, sources told Reuters.
Brent and WTI were on track for weekly gains of about 3.4% and 4%, respectively, while the U.S. threatened an indefinite naval blockade of Iran, raising concerns about disruptions to crude supplies from the Middle East.
Market participants have been buying West African crude as alternatives to Middle East grades due to the blockade at the Strait of Hormuz. 
In the wider market, Nigeria's Dangote Petroleum Refinery's planned October IPO is designed to let Nigerians share in the company's growth, its CEO told Reuters, adding that a foreign listing is at least three years away.

 (Reporting by Seher Dareen; Editing by Diti Pujara)
 ((seher.dareen@thomsonreuters.com))