25 C
Lagos, South Africa and New York
Thursday, September 24, 2020

First vessel sails with Nigeria’s Bonga crude since mid-Jan – Vortexa

* A cargo of crude oil has sailed from Nigeria’s Bonga terminal for the first time since mid-January as operator Shell ramps up production, according to oil analytics firm Vortexa * The Suezmax Narmada Spirit left the terminal with a 1 million barrel cargo and...

W. Africa Crude-Angolan trades, tenders remain focus

LONDON, Nov 7 (Reuters) - Some spot trade took place on Angolan crude on Tuesday but traders’ focus remained on the large tenders closing this week. * Sinochem sold a cargo of Angolan Cabinda loading Dec. 13-14, two traders said. The buyer was said to...

OPEC likely to keep oil supply curbs for whole of 2018: sources

DUBAI (Reuters) - OPEC is likely to stay the course by keeping its current curb on oil production in place for the whole of 2018 despite potential output disruptions next year, Gulf OPEC sources said. The Organization of the Petroleum Exporting Countries, plus Russia and...

Asia’s bookings of W. African crude rebound to six-month high

WAF to Asia loadings highest since February Chinese buying revives following maintenance Graphic on oil exports to Asia: http://tmsnrt.rs/2dG0SuJ   By Libby George LONDON, Aug 7 - Asia's loadings of West African oil are on track to rebound to a six-month high in August on a...

All eyes on U.S stockpiles as Crude swings higher

All eyes are on U.S. oil stockpiles report set for Wednesday Russia, Saudis show unity on output accord propping up prices Crude gained steam amid signs that dwindling U.S. stockpiles are contributing to a tightening global market. Futures in New York jumped as much as...

Gold prices hit two-week high on short covering, weaker dollar

BENGALURU - Gold prices hit a near two-week high on Monday as investors covered their short positions and the dollar slipped to its weakest since mid-June, while lingering U.S.-Sino trade tensions also supported the bullion. Spot gold was up 0.5 percent at $1,260.41...

Oil eases as traders; investors grow edgy ahead of OPEC

By David Gaffen NEW YORK (Reuters) - Oil prices slipped on Monday, extending recent weakness ahead of an OPEC meeting next week, while a rally in the dollar negatively affected commodities across the board. Brent crude futures <LCOc1> were down 84 cents at $61.86, or 1.4...

Exxon restarting second-largest U.S. refinery

HOUSTON (Reuters) - ExxonMobil Corp was restarting its Baytown, Texas refinery, the nation’s second largest, on Saturday six days after it was shut because of heavy rain from Tropical Storm Harvey. The company said it began initial restart of the 560,500 barrel per day (bpd)...

Nigeria’s cocoa exports to drop by $100m over rising price in futures market.

Based on the global cocoa price at the future market, Nigeria is predicted to lose $100 million in cocoa export, experts tell Naija247news. Cocoa is among Nigeria’s leading agricultural exports and constitutes 2% of its exports annually. It is the country‘s third largest export...

This Africa’s Cocoa Producer Weighs Increase in Bean Quality Premium

By Baudelaire Mieu Top grower may double origin differential as prices fall Country sees widening quality gap over some other producers Ivory Coast is weighing an increase in the premium that it charges for the quality of its cocoa to as much as double the current margin,...
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