Trading was slow on yesterday as sellers of Nigerian crude revised offers lower and several pending tenders hindered deals.
Sellers revised offers lower for several Nigerian crude oil grades, including Qua Iboe, Forcados and Yoho.
ExxonMobil had three of its four April Qua Iboe cargoes left to sell and a trader said it cut the offer differential to $2 a barrel above dated Brent, from plus $2.15. Forcados offers were also revised slightly lower, from as high as dated Brent plus $2.50 a barrel to just over $2 above. Yoho and Erha were offered at $2.10-$2.20 per barrel above dated Brent.
