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Thursday, July 9, 2020

Nigeria’s cash-strapped indigenous oil producers swaps pipelines for barges

Domestic oil producers become creative as oil above $50 a barrel proves alluring   Nigeria's Cash-strapped domestic oil companies are seeking new — and riskier — ways to move the crude extracted from their onshore fields, after militant attacks over the past year rendered the crucial...

Crude traders await Nigeria’s crude-for-product swaps agreements, spot trade on hold

LONDON, April 26  - Traders wait for Nigeria's 2017 Direct Sale-Direct Purchase agreements, essentially crude-for-product swaps, to be finalised and signed. Spot trade of June barrels stayed on the sidelines owing to a large number of tenders closing this week. * With the June loading programmes...

Global trade war to be a boon for Black Sea grain

  * Russia, Ukraine, Kazakhstan boosted grain exports in 2017/18 * Huge exports opened new markets in Asia, Africa, South America * The three countries may get new markets due to global trade war * China may start buying more wheat, corn, soybeans from them * EU could turn...

Fitch: Global Palm Oil Producers Adapting to Push For Sustainability

12 February 2018: Palm oil producers will continue to face gradually rising pressure from consumers, regulators, investors and environmental groups to adopt sustainable operations, which is likely to drive a further increase in the share of certified sustainable palm oil (CSPO) in global output,...

World’s top LNG buyers form alliance to push for flexible contracts

By Jane Chung, Yuka Obayashi and Oleg Vukmanovic | SEOUL/TOKYO/MILAN The world's biggest liquefied natural gas (LNG) buyers, all in Asia, are clubbing together to secure more flexible supply contracts in a move which shifts power to importers from producers as oversupply grows. Korea Gas Corp...

W. Africa Crude-Trade slows as sellers weigh Indian tender

LONDON Feb 6 (Reuters) - * Nigeria's President Muhammadu Buhari asked parliament on Sunday to extend his medical leave, his office said in a statement, deepening suspicions among many Nigerians that his health is worse than officials are admitting. * Hundreds of Nigerians marched through...

W. Africa Crude-Angolan August programme emerges, fresh tenders issued

LONDON, June 16 (Reuters) - Nigerian crude remained in overhang with June and July cargoes still lingering though a few cleared in a recent tender by India's IOC, while Angola issued its August programme. * Asian demand for Angolan is expected to rise after Saudi...

Gold prices slip as surging US Treasury yields lift dollar

Apeksha Nair BENGALURU (Reuters) - Gold prices edged down on Friday to near their lowest levels this year, pressured by a firm U.S. dollar amid surging U.S. Treasury yields. Spot gold was down about 0.1 percent at $1,289.35 per ounce at 0657 GMT, after hitting its...

W. Africa Crude-Angolan trades, but glut of Nigerian builds

LONDON, March 7 (Reuters) - Close to 50 Nigerian cargoes had yet to trade, but fresh deals were scarce as competitive offers from the Mediterranean and the North Sea weighed on demand. * Nigerian trading remained quiet, but sellers had not revised their offer levels...

Nigeria’s State Oil Corps records $2.45bn crude oil export sale in one year

22 February 2017, Abuja – The Nigerian National Petroleum Corporation (NNPC) has said that $2.4 billion export sale was recorded in 12 months of 2016. The corporation’s monthly Financial and Operations Report for the month of December 2016 just released indicated a 13.4 per cent rise in...
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