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.


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