BR100 Decreased By (-0.98%)
BR30 Decreased By (-0.58%)
KSE100 Decreased By (-0.97%)
KSE30 Decreased By (-1.07%)
AGHA 7.70 Decreased By ▼ -0.11 (-1.41%)
BECO 5.16 Decreased By ▼ -0.05 (-0.96%)
BML 56.60 Decreased By ▼ -0.90 (-1.57%)
BOP 33.82 Decreased By ▼ -0.21 (-0.62%)
CNERGY 9.95 Decreased By ▼ -0.01 (-0.1%)
CSIL 5.30 Decreased By ▼ -0.01 (-0.19%)
FCCL 53.07 Decreased By ▼ -1.63 (-2.98%)
FFL 16.58 Decreased By ▼ -0.11 (-0.66%)
FNEL 1.22 Decreased By ▼ -0.01 (-0.81%)
KEL 7.27 Decreased By ▼ -0.13 (-1.76%)
KOSM 5.73 Decreased By ▼ -0.04 (-0.69%)
LOTCHEM 29.55 Increased By ▲ 0.23 (0.78%)
MLCF 92.90 Decreased By ▼ -1.46 (-1.55%)
NBP 202.00 Decreased By ▼ -1.05 (-0.52%)
NCPL 56.84 Decreased By ▼ -0.16 (-0.28%)
NPL 66.62 Decreased By ▼ -1.08 (-1.6%)
OGDC 318.98 Increased By ▲ 3.14 (0.99%)
PACE 10.55 Decreased By ▼ -0.09 (-0.85%)
PAEL 42.31 Decreased By ▼ -0.89 (-2.06%)
PIBTL 16.39 Decreased By ▼ -0.35 (-2.09%)
PPL 218.50 Decreased By ▼ -1.28 (-0.58%)
PRL 51.20 Increased By ▲ 2.01 (4.09%)
PTC 70.00 Decreased By ▼ -0.53 (-0.75%)
SSGC 26.96 Decreased By ▼ -1.29 (-4.57%)
TBL 9.75 Decreased By ▼ -0.11 (-1.12%)
TELE 8.68 Decreased By ▼ -0.11 (-1.25%)
TPL 17.99 Decreased By ▼ -0.25 (-1.37%)
TPLP 13.44 Increased By ▲ 0.17 (1.28%)
TREET 22.55 Decreased By ▼ -0.17 (-0.75%)
TRG 59.48 Decreased By ▼ -0.66 (-1.1%)
Markets

West Africa Crude-Indian tender awarded, spot trade muted

Published Updated

imageLONDON: Leading OPEC oil exporter Saudi Arabia has told the producer group it will not attend talks on Monday with non-OPEC producers to discuss limiting supply, OPEC sources said, because it wants to focus first on reaching consensus within the organisation.

About 15 cargoes of Nigerian crude were left from the December programme. Usan was offered on Thursday at dated Brent minus $1 a barrel. Vitol offered a cargo of Abo at dated Brent minus 45-50 cents a barrel loading in early December.

Other west African grades were also offered, such as Congolese Djeno at dated Brent minus $1.80 a barrel and Ghanaian Jubilee at a discount of at least 60 cents a barrel to Angolan Nemba.

There were 4-5 cargoes of Angolan crude still being shown from the December programme and at least 20 January-loading cargoes.

No fresh offers were heard. Hungo was recently offered around dated Brent minus $1.40 a barrel.

Copyright Reuters, 2016

Comments

Comments are closed for this article.