The Nigerian National Petroleum Company has raised the official selling price differentials for its mainstay crude grades Bonny Light and Qua Iboe in April, while other grades were mixed, Platts reports.
The Bonny Light OSP was raised by 1 cent/b month on month to a premium of $1.17/b to Dated Brent for April, while the Qua Iboe OSP was raised by 9 cents/b to a premium of $1.31/b.
The Forcados crude OSP differential for April rose 12 cents/b month on month to a premium of $1.32/b. Gasoline-rich Escravos and Brass Blend saw rises of 7 cents/b and 6 cents/b to premiums of $1.06/b and 99 cents/b, respectively.
In contrast, naphtha-rich Akpo’s OSP was cut by 13 cents/b from March to a discount of minus 82 cents/b in April. Heavy grade Usan’s April OSP also dropped from March by 31 cents/b to a discount of 87 cents/b.
