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Last update: Sat, 01 Oct 2016 06am

Europe

Markets - Energy - Europe

W. Africa Crude-Sellers cut diffs to entice buyers, BPCL issues tender LONDON: Angola's Sonangol has issued a revised loading plan for November that includes a total of 1.69 million barrels per day (bpd) of crude oil, according to a programme seen by Reuters on Wednesday. The head of Nigeria's central bank says it has an agreement with state oil company NNPC under which international oil and oil services companies will sell all their foreign currency through a mechanism created to funnel the money directly to importers who need dollars to buy gasoline. ANGOLA Sonangol offered two cargoes of Saturno and one cargo of Dalia at dated Brent minus $2.30 a barrel, unchanged from earlier this week. Sonangol also continued to offer a cargo of Girassol at dated Brent plus 10 cents a barrel. In the window, BP offered Dalia at dated Brent minus $2.50 a barrel loading Nov. 6-7, some 20 cents below the Sonangol one. Phillips 66 bought a cargo ...

Markets - Energy - Europe

Oil steady with producers' meeting, US data on horizon LONDON: Oil prices stabilised Tuesday with analysts expecting volatility in the run-up to a producers' meeting next week, while traders are also awaiting the release of US stockpiles data.Around 1630 GMT, Brent North Sea crude for delivery in November was down four cents at $45.91 a barrel compared with Monday's close.US benchmark West Texas Intermediate for October firmed 39 cents to $43.69 a barrel.The commodity plunged last week on supply glut worries but bounced slightly ...

Markets - Energy - Europe

Oil at six-week low as oversupply outweighs output freeze talks LONDON: Oil prices fell to the lowest in nearly six weeks on Tuesday as concerns over a potential rise in US crude stocks, adding to swelling oversupply, outweighed OPEC comments that a possible production freeze agreement could last longer than expected. Global benchmark Brent crude oil futures were trading at $45.20 per barrel at 1338 GMT, down 75 cents day on day and the weakest since Aug. 11.US West Texas Intermediate (WTI) crude futures were ...

Markets - Energy - Europe

W. Africa Crude-Angolan offered for November, Nigerian may weaken LONDON: Sellers pitched initial offers of Angolan crude for November loading on Tuesday, at levels seen as on the high side by some buyers. Rising freight rates and ample supply of competing grades look bearish for Nigerian differentials, traders said. Nigerian state oil firm NNPC is expected to release its October official selling prices later this week, and November loading dates should emerge soon after. ANGOLA The loading programme for Angolan crude in November emerged ...

Markets - Energy - Europe

Oil drops with producers' meeting, US data on horizon LONDON: Oil prices dipped Tuesday with analysts expecting volatility in the run-up to a producers' meeting next week, while traders are also awaiting the release of US stockpiles data.Around 1130 GMT, Brent North Sea crude for delivery in November was down 48 cents at $45.46 a barrel compared with Monday's close.US benchmark West Texas Intermediate for October shed 35 cents to $42.95 a barrel.The commodity plunged last week on supply glut worries but bounced slightly ...