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Reuters
W. Africa Crude-Offers Hold Firm Amid Red Sea Turmoil
LONDON, February 26 (Reuters) –West African spreads remained strong on Monday, traders and analysts said, as they benefited from European demand.
* West African premiums remain very strong amid turbulence in the Red Sea, Kpler analyst Viktor Katona said.
* Disruptions in Westward Middle East flows from Red Sea attacks prompt bids. Forcados and Escravos were last offered at Brent date plus $6 a barrel.
* Offers for Qua Iboe and Bonny Light remain at or just below Brent plus $4, traders said last week.
Reporting by Natalie Grover in London. Edited by Mark Porter
WEST AFRICA CRUDE OIL DIFFERENTIALS AND OUTRIGHT PRICES: 0#BFO-DIF 0#C-E Bonny Light BFO-BONBON-E Cabinda BFO-CABCAB-E Forcados BFO-FOCFOC-E Qua Iboe BFO-QUAQUA-E CRUDE ARBITRAGE STORIES O/CRUDEARB CRUDE OIL TRADES CRU/T NORTH SEA CRUDE REPORT CRU/E MEDITERRANEAN CRUDE CRU/MED 7 W Africa Asia crude exports, monthly O/WAFRICA1 New African oilfields AFR/NEW ENERGY speed guide CRUDE/1 crude speed guide NYMEX crude 0#CL: ICE crude 0#LCO:OPEC NSEA North Sea CRU crude oil PROD oil products DRV derivatives PRO/E European products O/L Latest ICE O/N Latest NYMEX OILOIL NYMOIL, IPEOIL, OILSPD, OILARB CRDWLDPRODEUR))
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