W.Africa Crude - NNPC issues tender for bids on Bonny Light
10/07/2026 16:30
W.Africa Crude - NNPC issues tender for bids on Bonny Light LONDON, July 10 (Reuters) - Nigeria's national oil company NNPC issued a tender calling for bids on one of its key crude grade, while the rest of the market remained subdued.
NTL, NNPC's trading arm, issued a tender for bids on a cargo of its Bonny Light grade to be loaded in August 20-21.
Differentials in the wider market have been pressured by weak appetite from China and both U.S. and Latin American grades coming in cheaper to Europe, traders have said this week.
Additionally, the partial increase in flows from the Middle East was alleviating concerns of a shortage.
(Reporting by Seher Dareen, Editing by Louise Heavens)
((seher.dareen@thomsonreuters.com))