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Nigeria sold a whopping 34 million barrels of crude oil in July

 Last Update: 2022-11-24
 Source: Internet
 Author: User

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Sales of Nigerian crude oil have been slow
this month as bidders for heavy and light sweet crude loaded in July have not appeared on the market.

Market participants expect Nigeria to sell between 20 million and 34 million barrels of crude oil in July, about 40 to 75 percent of Nigeria's monthly production
.

One trader said: "For now, it's very quiet
here.
No one is trying to buy these unsold Nigerian crude oil
.
He added that refiners are now trying to restructure their demand
.

Another trader said: "Some refiners may speculate on the purchase of distressed Nigerian crude cargoes
”

Sales of Nigerian crude oil have been slow
this month as bidders for heavy and light sweet crude loaded in July have not appeared on the market.

crude

Market participants expect Nigeria to sell between 20 million and 34 million barrels of crude oil in July, about 40 to 75 percent of Nigeria's monthly production
.

One trader said: "For now, it's very quiet
here.
No one is trying to buy these unsold Nigerian crude oil
.
He added that refiners are now trying to restructure their demand
.

Another trader said: "Some refiners may speculate on the purchase of distressed Nigerian crude cargoes
”

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