Lagos — Export of Nigeria’s crude grade Qua Iboe will witness an increase in August, up to 9 cargoes, according to data from Refinitiv Eikon.
This is because schedules for export loading, which started to be issued on Monday, point to more demand from buyers.
Due to stronger demand from Northwest Europe, nine cargoes of the grade will be exported in August, up from 6 planned in July.
At least 20 cargoes are yet to be claimed from July schedule.
Qua Iboe for July loading was last offered at dated Brent plus $2.80 a barrel, the highest differential since mid-2014, according to Refinitiv Eikon data.