25.3 C
Lagos, South Africa and New York
Sunday, June 7, 2020

Nigerian farmers target 25 million MT of maize production in 2019

THE National President of Maize Association of Nigeria (MAAN), Bello Abubakar said that the maize farmers under their Association would produce 25 million MT of maize next year to meet up with the local demand. Bello said that this year, the maize farmers were able...

W. Africa Crude: More Nigerian programmes emerge, Cabinda sold out

LONDON, March 24  - More May loading programmes emerged for Nigeria and Gabon while lingering April Nigeria's Qua Iboe proved slow to sell and roughly 15 cargoes of April loading west African crude cargoes were still on offer. NIGERIA * Around seven or eight April cargoes...

Oil up on more optimistic outlook on OPEC cuts

Oil prices edged up on Friday on optimism among investors that OPEC would agreed to extend production cuts aimed at ending a global glut into the second half of the year. U.S. light crude CLc1 rose 18 cents to $49.15 a barrel at 4:03 p.m....

China sees new world order with oil benchmark backed by gold

The world’s top oil importer, China, is preparing to launch a crude oil futures contract denominated in Chinese yuan and convertible into gold, potentially creating the most important Asian oil benchmark and allowing oil exporters to bypass U.S.-dollar denominated benchmarks by trading in yuan,...

GRAINS-CBOT wheat rallies on short-covering; corn firms, soy falls

* GRAPHIC: Commodity prices in 2019: tmsnrt.rs/2Tku3Tn (Updates with closing prices, adds details) By Mark Weinraub CHICAGO, March 14 (Reuters) - Chicago Board of Trade wheat futures rallied on Thursday for the second time in three days, hitting their highest in more than a week as...

Oil Price Near $44 as Investors Weigh Libya, Nigeria Output Caps

Futures traded in a $1.07 range in New York, following last week’s 3.9 percent tumble. The two African producers, who were exempt from supply cuts because of internal strife but are now recovering, have been invited to a July 24 meeting in Russia to...

Nigeria’s Forcados to load at least two cargoes of 950,000 barrels in May

Nigeria's Forcados crude is scheduled to load at least two cargoes of 950,000 barrels in May, the first volumes to load at the grade's main terminal since November, and maybe up to four cargoes, trading sources said Friday. One crude trader said one cargo would...

Oil steady as U.S. output gains offset Middle East tensions

Scott DiSavino NEW YORK - Oil prices ended little changed on Tuesday, steadying after earlier gains and losses, as expectations of high U.S. production and exports offset concerns that fighting between Iraqi and Kurdish forces could threaten the country’s crude output. Brent crude futures LCOc1 gained...

W. Africa Crude-Strong demand for Angola’s April crude

LONDON Feb 17 (Reuters) - Initial demand for Angola's April-loading cargoes was strong, with buying interest emerging yet again across Asia. Nigeria's April export plans continued to emerge, though trading was muted. ANGOLA * Angolan state oil company Sonangol was still sorting term-buyer allocations for its...

W. Africa Crude-Diffs underpinned, traders wait on large tenders

LONDON, Aug 29  - Differentials for Angolan and Nigerian grades remained underpinned due to strong margins that are set to continue due to Tropical Storm Harvey that is hitting the U.S. Gulf Coast. * Harvey has forced over 3 million barrels per day, or 16...