Afrigather Reuters
W. Africa Crude-Nigeria carrying overhang of a dozen cargoes – dealer
LONDON, March 5 (Reuters) –Nigeria is nursing an overhang of a couple of dozen March-loading cargoes at the same time as its April schedule has emerged, a dealer stated on Tuesday.
* Nigeria has about 12 March-loading cargoes nonetheless on supply, and roughly 30 April-scheduled cargoes as properly, the dealer stated.
* Final week, merchants stated Nigeria’s state oil agency NNPC supplied no less than three March-loading cargoes certain for the brand new Dangote refinery.
* In the meantime, a commerce supply on Monday stated Angolan state oil agency Sonangol bought all of its April-loading cargoes by way of time period contracts, due to this fact it won’t offer any cargoes on a spot foundation.
* Differentials for West African stay sturdy amid Pink Sea disruptions and strong demand, analysts and merchants have stated.
Reporting by Natalie Grover in London; Modifying by Shweta Agarwal
WEST AFRICA CRUDE OIL DIFFERENTIALS AND OUTRIGHT PRICES: 0#BFO-DIF 0#C-E Bonny Gentle 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, month-to-month O/WAFRICA1 New African oilfields AFR/NEW ENERGY pace information CRUDE/1 crude pace information NYMEX crude 0#CL: ICE crude 0#LCO:OPEC NSEA North Sea CRU crude oil PROD oil merchandise DRV derivatives PRO/E European merchandise O/L Newest ICE O/N Newest NYMEX OILOIL NYMOIL, IPEOIL, OILSPD, OILARB CRDWLDPRODEUR))
Associated Belongings
Newest Information
Disclaimer: The XM Group entities present execution-only service and entry to our On-line Buying and selling Facility, allowing an individual to view and/or use the content material out there on or by way of the web site, isn’t meant to vary or develop on this, nor does it change or develop on this. Such entry and use are all the time topic to: (i) Phrases and Situations; (ii) Threat Warnings; and (iii) Full Disclaimer. Such content material is due to this fact supplied as not more than basic data. Significantly, please bear in mind that the contents of our On-line Buying and selling Facility are neither a solicitation, nor a suggestion to enter any transactions on the monetary markets. Buying and selling on any monetary market includes a major degree of threat to your capital.
All materials revealed on our On-line Buying and selling Facility is meant for instructional/informational functions solely, and doesn’t comprise – nor ought to it’s thought-about as containing – monetary, funding tax or buying and selling recommendation and proposals; or a report of our buying and selling costs; or a suggestion of, or solicitation for, a transaction in any monetary devices; or unsolicited monetary promotions to you.
Any third-party content material, in addition to content material ready by XM, akin to: opinions, information, analysis, analyses, costs and different data or hyperlinks to third-party websites contained on this web site are supplied on an “as-is” foundation, as basic market commentary, and don’t represent funding recommendation. To the extent that any content material is construed as funding analysis, you have to be aware and settle for that the content material was not meant to and has not been ready in accordance with authorized necessities designed to advertise the independence of funding analysis and as such, it will be thought-about as advertising communication underneath the related legal guidelines and rules. Please guarantee that you’ve got learn and understood our Notification on Non-Unbiased Funding. Analysis and Threat Warning in regards to the foregoing data, which could be accessed here.
