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W.Africa Crude - Ample supply weighs on market

ReutersJan 9, 2026 4:33 PM

- The West African crude market was heard to be in ample supply on Friday, with at least 40 cargoes looking for buyers, traders said.

Around 10 Angolan cargoes, 2 cargoes of Congolese Djeno and about 30 Nigerian cargoes are looking for buyers, a trader said.

Earlier in the week, traders said that slightly higher freight rates could also weigh on differentials.

There were no updated offers on Friday.

In the wider market, a Reuters survey showed that Nigeria potentially produced 1.53 million barrels a day in December, a slight rise from the 1.48 million bpd estimated in November.

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