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.

Related Articles

South Africas Exxaro mulls firing striking coal miners.

South African company Exxaro Resources said one of the options it currently considers is dismissing striking coal mine workers who fail to return to work in the week of March 25, fin24 reported ... more

South Africas Telkom says there is no decision to lay off 13,000 employees.

South Africas telecommunication operator Telkom said that it has not made a decision on retrenching 13,000 employees, or more than half of its staff, TechCentral reported quoting a company ... more

BP, Masana Petroleum Solutions sell LPG business in South Africa.

Oryx Energies, a major independent provider of oil and gas products and services in Africa, has agreed to buy the South African liquefied petroleum gas (LPG) distribution businesses of BP and ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335