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    Home » West Africa Crude – China provides a dim light as refiners shut

    West Africa Crude – China provides a dim light as refiners shut

    March 27, 2020
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    Crude oil barrels

    London — Some crude traded on a spot basis to China on Friday while the demand outlook in Europe and India, a key buyer of Nigerian crude, looked dismal as the first refinery shut downs were announced.

        
    * Tullow sold a cargo of Gabon's Oguendjo Blend to Chemchina loading May 20-21, several traders said. 
        
    * Italy's API said it would close operations temporarily at its Ancona refinery, which has capacity of 85,000 barrels per
    day (bpd)     
    
    * In India, top refiners Indian Oil Corp and Mangalore Refinery and Petrochemicals           declared force
    majeure, with MRPL in the process of shutting down its entire plant.  
              
    * Sonangol was still offering several spot cargoes: Cabinda at dated Brent plus 50 cents, CLOV at dated Brent plus $1.20,
    two cargoes of Dalia at dated Brent minus 40 cents and Girassol at dated Brent plus $1.50.
    

    West Africa Crude – Bonga April loading dates slow to emerge

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    - Reuters

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