July 10, 2018 / 2:49 PM / 5 months ago

W. Africa Crude-Bonny Light still under force majeure, Sonangol sells Dalia

LONDON, July 10 (Reuters) - Force majeure remains in place on exports of Nigeria’s Bonny Light crude, a Shell spokesman said on Tuesday.

Angolan crude is still in ample supply for August loading, traders said.


* Shell’s Nigerian venture, Shell Petroleum Development Co of Nigeria Ltd, declared force majeure on Bonny Light exports on May 17 following the shutdown of the Nembe Creek Trunk line.

“No change at Bonny,” the Shell spokesman said.

* Sellers have bumped up their asking prices as outages curb supply, but no change in levels was heard on Tuesday.

Bonny Light, Qua Iboe and Forcados were last heard to be on offer at around dated Brent plus $2 a barrel.


* State oil company Sonangol sold its Aug. 24-25 cargo of Dalia, a trade source said. The cargo was last offered at dated minus $1.20.

* There are around 10 cargoes of August-loading crude still available, traders said, a relatively large volume given that new programmes are expected in about a week.


* Indian Oil Corp is running a tender to buy crude for loading Sept. 15-25. The tender closes on July 10 and remains valid until July 11. (Reporting by Alex Lawler; Editing by Dale Hudson) ))

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below