W. Africa Crude-Qua Iboe exports set to resume, programmes emerge

Published 21/01/2021, 17:58
© Reuters.

LONDON, Jan 21 (Reuters) - Nigerian Qua Iboe exports were
scheduled to resume on Thursday while preliminary export plans
for March began to emerge for several Nigerian crude grades.

* The first cargo of Qua Iboe crude is due to restart after
exports of the crude stream were halted by force majeure
following a fire late last month, a revised export schedule for
January, February and March issued by ExxonMobil shows.
* The Qua Iboe crude oil stream will load five cargoes in
March at a daily rate of 170,000 barrels per day (bpd), a
preliminary programme showed, down from 215,000 bpd in February.
* Nigeria's Bonga crude stream was due to export four
cargoes in March, Usan one cargo, Erha two cargoes and Zafiro
crude from Equatorial Guinea one cargo.
* Angola's state oil company Sonangol was still seeking
buyers for six spot cargoes of crude loading in March.
* It kept offers steady from the previous session: Girassol
at dated Brent plus $1.50, Pazflor and Gindungo at plus 90
cents, Dalia at plus $1, and Hungo at plus 70 cents.
* India's IOC closed two buy tenders for crude loading in
the second half of March, though winners have yet to emerge.

RELATED NEWS
* OPEC+ compliance with oil output cuts in December reached
99%, two sources from the group told Reuters. * Iraq has reduced annual supplies of Basra crude oil to
several Indian refiners by up to 20% for 2021, industry sources
said, in a rare move by OPEC's second-largest producer which is
trying to meet its obligations under the group's production
deal.

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.