West African crude differentials firm as freight rates fall

By bne IntelliNews January 26, 2010
West African crudedifferentials firmed, Fri, as freight rates for tankers going west and eastfell, causing a flurry of deals as rates fell, a trader with a European refinertold Reuters. Nigerian differentials were steady despite loading programmesshowing that Qua Iboe exports would hit a two-year high, March. Brass Riverwill load about 144,000 barrels/day in seven full or part March cargoes, lessthan 150,000/day in Feb. Okwori will load an average 44,000/day in three partcargoes, traders said. With an average daily rate of 157,000 barrels, five full975,000-barrel cargoes of Akpo condensate will also load in March.

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