Differentials for Nigerian cargoes slid again on Thursday, but the decline in prices has helped end a weeks-long deadlock between sellers and buyers and key grades such as Forcados and Bonny Light were seeing a steady flow of trade.

Shell was offering cargoes of Bonny Light as low as $1.10 a barrel above dated Brent for delivery in August, and around $1.20-1.30 for September delivery, down from closer to $1.45-1.65 earlier this week, trading sources said.

Forcados meanwhile saw fairly brisk business, as P66 and Petroineos took cargoes from Sahara and Vitol. Forcados was offered as high as $1.80 a week ago, but changed hands at $1.35, two traders said.

Source: Reuters