Exxon offers first Qua Iboe crude cargo after temporary suspension

ExxonMobil is offering an October-loading cargo of Nigeria’s Qua Iboe crude oil, the first offer since the company declared force majeure on the grade in July, sources said on Tuesday.

Exxon declared force majeure on the grade, Nigeria’s largest export stream, after a leak on the pipeline that feeds the oil to the export terminal. It was not immediately clear if the pipeline was already repaired, or if the company simply expected it to be back online in time to load the oil in October.

The cargo is offered for October 8-16 loading at a premium of $1.80 per barrel to dated Brent, sources said.  Reuters that reported the story said Exxon did not respond to a request for immediate comment.



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