A drilling platform belonging to Brittania-U, an indigenous oil exploration and production firm, caught fire…
Tag: Forcados
ICE begins West African crude oil swaps
The InterContinental Exchange (ICE) has launched its first set of derivatives linked to the West African…
West Africa Crude: Nigerian oil to sail west, but arbitrage in question
Strong refinery margins kept demand elevated, enabling several more Nigerian cargoes to trade. But gains in…
West Africa Crude: Market firm, margins support
West African crude oil differential prices remained strong on Friday, traders said, supported by distillate margins…
West Africa Crude: Diffs underpinned by strong margins
Sellers remained bullish on Wednesday, offering cargoes at high differentials on the back of strong distillate…
West African oil booms as refineries cash in on high margins
Booming refinery profits are helping West African oil producers sell cargoes quickly, aided by a shortage…
West Africa Crude: Nigerian clears further, Angolan nearly sold out
An Indian tender absorbed some of the Nigerian overhang on Friday while majors were taking unsold…
Nigerian oil output recovery adds to surplus – Traders
Nigerian crude for August loading is proving slow to find buyers amid rising supply, oil trading…
West Africa Crude: HPCL buys Nigerian, but diffs under pressure
An excess of light sweet crude continued to threaten Nigerian crude prices, though the reliability of…
Forcados pushes Nigeria’s crude production to one-year high
Nigeria’s crude oil production has hit one-year high, according to a report released by the Organisation…
West Africa Crude: Qua Iboe diff plummets on light, sweet oversupply
Trade in Nigerian grades was slow on Tuesday owing to plentiful alternative light sweet grades in…
West Africa Crude: Supplies weigh on Nigerian, tenders in focus
Nigerian crude differentials remained under downward pressure on Tuesday from ample supplies while offer levels for…