London — Some crude traded on a spot basis to China on Friday while the demand outlook in Europe and India, a key buyer of Nigerian crude, looked dismal as the first refinery shut downs were announced.

  • Tullow sold a cargo of Gabon’s Oguendjo Blend to Chemchina loading May 20-21, several traders said.

  • Italy’s API said it would close operations temporarily at its Ancona refinery, which has capacity of 85,000 barrels per
    day (bpd)

  • In India, top refiners Indian Oil Corp and Mangalore Refinery and Petrochemicals declared force
    majeure, with MRPL in the process of shutting down its entire plant.

  • Sonangol was still offering several spot cargoes: Cabinda at dated Brent plus 50 cents, CLOV at dated Brent plus $1.20,
    two cargoes of Dalia at dated Brent minus 40 cents and Girassol at dated Brent plus $1.50.

  • Reuters

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