W. Africa Crude-Nigerian offers firm

Published 19/05/2020, 17:28
© Reuters.

LONDON, May 19 (Reuters) - Nigerian offers continued to firm
on Tuesday, towards pre-coronavirus levels, though it was
unclear at what level deals were taking place.

* Nigerian Forcados was being offered around dated Brent
plus $1.75 a barrel and Bonny Light and Qua Iboe around plus $2
a barrel.
* Similarly, offers for Nigerian Egina have jumped to dated
Brent plus $2.50 after lingering at dated Brent flat.
* Results of Indian firm IOC's latest buy tender did not
immediately emerge.

RELATED NEWS
* The coronavirus pandemic has disrupted maintenance at oil
and gas projects and refineries from Russia's Far East to the
coast of Canada, storing up problems for an industry already
reeling from slumping prices, analysts say. * Global oil refiners, battling weak profit margins, are
pinning their hopes on a recovery in gasoline demand as
coronavirus lockdowns start to ease in many countries around the
world.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2024 - Fusion Media Limited. All Rights Reserved.