• Contact Us
  • About Us
Thursday, June 26, 2025
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home Energy

W. Africa Crude-Trading quiet, Nigerian delays dampen demand

metro by metro
December 30, 2016
in Energy
0
0
SHARES
0
VIEWS

Oil futures were on track for their biggest annual gains since 2009 despite intraday losses, aided by OPEC’s agreement to cut production from early next year.

Still, demand for West African crude in spot trading was limited by holidays across Europe and uncertain demand in Asia. Gains in U.S. crude stocks showed by the U.S. Energy Information Administration this week also raised doubts over western demand for African oil in the near term.

Read Also

AEDC At It Again As Power Outage Hits Parts Of Abuja

Lagos Issues Order To Regulate Electricity Market Operations

Abuja, Kogi, Two Other States To Experience Darkness As AEDC Workers Threaten Shutdown Of Electricity Supply

 NIGERIA

* No fresh trading was reported despite some cargoes loading Jan. 15-20 being available for purchase.

* Loading delays on ExxonMobil’s crude exports, which included Qua Iboe and Erha, impinged on demand as buyers worried about demurrage costs.

* The bulk of the delays were because of strikes this month over layoffs by oil companies, traders said.

ANGOLA

* Little fresh spot trading surfaced even as loadings proceeded on schedule.

* Media reports said that Angolan courts had cleared Isabel dos Santos to lead state oil company Sonangol, rejecting a legal challenge to her appointment by President Jose Eduardo dos Santos, her father.

TENDERS

* Indonesia’s Pertamina was running a tender to buy light sweet crude oil for March delivery. Traders expect it to be awarded in early January.

 

Previous Post

Rivers Assembly Speaker resigns

Next Post

New Abia Speaker resigns 24 hours after election

Related Posts

AEDC Attributes Outages To Explosion, Technical Fault As Over 20 Communities Thrown Into Darkness During Easter
Energy

AEDC At It Again As Power Outage Hits Parts Of Abuja

June 25, 2025
LASG Warns Residents Of Ogun River Banks On Imminent Flooding
Energy

Lagos Issues Order To Regulate Electricity Market Operations

June 11, 2025
Abuja, Kogi, Two Other States To Experience Darkness As AEDC Workers Threaten Shutdown Of Electricity Supply
Energy

Abuja, Kogi, Two Other States To Experience Darkness As AEDC Workers Threaten Shutdown Of Electricity Supply

June 5, 2025
REA Launches NEP Legacy Photobook To Mark Nigeria’s Rural Electrification Milestones
Energy

REA Launches NEP Legacy Photobook To Mark Nigeria’s Rural Electrification Milestones

June 4, 2025
Next Post

New Abia Speaker resigns 24 hours after election

110 Associations Apply For Registration As Political Parties In Nigeria

110 Associations Apply For Registration As Political Parties In Nigeria

June 25, 2025
Shell

Shell In Early Talks To Buy Rival BP, WSJ Reports

June 25, 2025
Senate

Despite Opposition, Senate Confirms Non Indigene As Rivers Electoral Commission Chair

June 25, 2025
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version