Nigerian crude trading was limited as the market awaited more export plans, Reuters reports.
One cargo of Qua Iboe will sail to India as part of the most recent IOC tender, traders said. Dozens of May-loading cargoes had yet to trade, with majors Total, Shell and BP all offering. But traders said some of these would likely be absorbed into the systems of the majors who held them.
Curtailment meetings with Nigeria’s NNPC over the June export plans were expected on Wednesday, with loading programmes later that evening or on Thursday. Sources said it was possible that NNPC could issue the details of the 2018 crude oil contracts before the programmes were issued, but no further details were available.