BR100 Decreased By (-1%)
BR30 Decreased By (-1.04%)
KSE100 Decreased By (-0.8%)
KSE30 Decreased By (-0.92%)
AGHA 7.70 Decreased By ▼ -0.11 (-1.41%)
BECO 5.13 Decreased By ▼ -0.08 (-1.54%)
BML 57.50 No Change ▼ 0.00 (0%)
BOP 33.85 Decreased By ▼ -0.18 (-0.53%)
CNERGY 9.94 Decreased By ▼ -0.02 (-0.2%)
CSIL 5.25 Decreased By ▼ -0.06 (-1.13%)
FCCL 53.30 Decreased By ▼ -1.40 (-2.56%)
FFL 16.60 Decreased By ▼ -0.09 (-0.54%)
FNEL 1.22 Decreased By ▼ -0.01 (-0.81%)
KEL 7.28 Decreased By ▼ -0.12 (-1.62%)
KOSM 5.86 Increased By ▲ 0.09 (1.56%)
LOTCHEM 29.00 Decreased By ▼ -0.32 (-1.09%)
MLCF 91.99 Decreased By ▼ -2.37 (-2.51%)
NBP 201.10 Decreased By ▼ -1.95 (-0.96%)
NCPL 56.70 Decreased By ▼ -0.30 (-0.53%)
NPL 66.71 Decreased By ▼ -0.99 (-1.46%)
OGDC 313.90 Decreased By ▼ -1.94 (-0.61%)
PACE 10.54 Decreased By ▼ -0.10 (-0.94%)
PAEL 41.95 Decreased By ▼ -1.25 (-2.89%)
PIBTL 16.45 Decreased By ▼ -0.29 (-1.73%)
PPL 217.50 Decreased By ▼ -2.28 (-1.04%)
PRL 50.69 Increased By ▲ 1.50 (3.05%)
PTC 69.70 Decreased By ▼ -0.83 (-1.18%)
SSGC 27.00 Decreased By ▼ -1.25 (-4.42%)
TBL 9.78 Decreased By ▼ -0.08 (-0.81%)
TELE 8.68 Decreased By ▼ -0.11 (-1.25%)
TPL 18.20 Decreased By ▼ -0.04 (-0.22%)
TPLP 13.38 Increased By ▲ 0.11 (0.83%)
TREET 22.48 Decreased By ▼ -0.24 (-1.06%)
TRG 59.79 Decreased By ▼ -0.35 (-0.58%)
Markets

W. Africa Crude-Nigerian offers strong, Angolan clearing

Published Updated

imageLONDON: Some Nigerian crude grades were offered at high levels but traders said weak refining margins meant buyers were not in a hurry.

About 10 cargoes of Angolan crude were still thought to be available for September loading.

NIGERIA

Bonny Light was last heard offered at dated Brent plus $2.60 a barrel, a source said, and Bonga was offered at dated plus $2.00. These were considered high offer levels.

Qua Iboe, Forcados and Brass River remain under force majeure.

A loading programme for Qua Iboe in September had yet to emerge.

In a development that could boost Nigerian exports, ExxonMobil is working on a plan to export Qua Iboe via an alternative pipeline, trade sources said.

ANGOLA

State oil firm Sonangol was said to be sold out for September.

The Nemba it was reported on Wednesday to have sold to Unipec was heard to have been offered at dated plus 10 cents.

Cargoes of Cabinda, Nemba, Saturno, Girassol and Dalia with other sellers are thought to be among the grades still available.

Copyright Reuters, 2016

Comments

Comments are closed for this article.