W. Africa Crude-Indian refiners set to mop up some cargoes

Date:

LONDON, May 12 – Spot activity was limited on Tuesday but the rise of Indian refining runs will likely keep prices propped up after the dismal levels seen two weeks ago.

Thank you for reading this post, don't forget to subscribe!

* India’s IOC issued a new buy tender for west African crude loading June 9-18. The tender closes on May 13.
* Around 10 cargoes of June-loading Angolan crude were still available, with the July programme due to emerge at the end of the week.
* Chevron was offering June-loading Nemba at dated Brent minus 70 cents.

RELATED NEWS
* OPEC and its allies want to maintain existing oil cuts beyond June when the OPEC+ group is next due to meet to shore up prices and demand, which has been hit by the coronavirus pandemic, four OPEC+ sources said on Tuesday.

Share post:

Subscribe

Popular

More like this
Related

Access Holdings to pay N1.80 as final dividend to shareholder

March 28, 2024. Azonuchechi Chukwu. Access Holdings has revealed plans to...

Police gun down two notorious bandits in Benue

March 28, 2024. Azonuchechi Chukwu. Men of Operation Zenda, a Joint...

Army declares eight wanted in connection with the k!lling of its officers in Okuama

March 28, 2024. Azonuchechi Chukwu. The Nigerian Army has declared eight...

Naira Appreciates Against Dollar at the NAFEM Window

March 28, 2024. Azonuchechi Chukwu. The Naira’s euphoric appreciation against the...
Social Media Auto Publish Powered By : XYZScripts.com

Discover more from Naija247news

Subscribe now to keep reading and get access to the full archive.

Continue reading