Nigeria’s crude suffers low demand, cargoes await buyers — Report

Crude oil grades from Nigeria have faced tepid demand in the April trade cycle as ample availability of lower-priced alternatives such as US WTI, Caspian CPC Blend, and other Mediterranean grades enticed European buyers.

Argus Media, an independent energy and commodity price benchmarks provider, reported this on Thursday.

The report stated that the trade cycle has since shifted to May, “with as many as 15 April-loading Nigerian cargoes still…