Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRDSA.L Share News (RDSA)

  • There is currently no data for RDSA

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

W. Africa Crude-Nigerian diffs edge higher; Angolan drawn straight to China

Mon, 29th Oct 2018 16:31

LONDON, Oct 29 (Reuters) - Nigerian crude differentialsedged higher on Monday, though trade remained hampered byexpensive freight, traders said.

* Nigerian December-loading Qua Iboe crude cargoes were lastoffered between $1.60 and $1.70 above the dated Brent price, upfrom recent indications closer to $1.35-$1.40, traders said.

* No offers for Forcados were reported, traders said.

* Demand for Angolan cargoes, meanwhile, has been strongthis month and state company Sonangol had reportedly sold out ofspot cargoes late last week.

* VLCC rates to take West African crude to China have soaredthis month to their highest in two years, largely driven byAsian refiners' thirst for oil.

* The daily cost of this route is now $42,000 a day,according to Refinitiv Eikon data, and the voyage typicallylasts a month. <DRFT-WAF-CN>

* Differentials for major Angolan crudes such as Cabindahave rallied sharply in the past few weeks. Cabinda cammands apremium of about 70 cents to dated Brent, somewhat softer thanlast week, but still close to its strongest in more than fouryears.

RELATED NEWS

* Italian oil major Eni has struck a deal to teamup with French peer Total to look for oil and gas inAlgeria and strengthen its position in the north Africancountry, it said on Monday.

* Private equity firm Carlyle Group on Monday saidit has signed an exclusive agreement with the Port of CorpusChristi, the top oil export hub in the United States, to developan offshore crude export terminal to load VLCCs.

* The Abu Dhabi National Oil Company (ADNOC) is expected tofill up storage tanks it has contracted from the Indiangovernment in the first week of November, senior Indian oilofficials said on Friday.

* A small group of Libyan tribesmen staged a protest at thesouthern El Sharara oilfield last week, threatening to closedown production unless their living conditions improved, a videotape showed and staff at the field said on Sunday.

TENDERS

* India's IOC was said to have awarded its tender to buy forDec. 21-31 loading to Vitol and Shell for grades includingAgbami, Akpo and Bonga.

* ANCAP awarded its December arrival tender to Total for acargo of Angolan Nemba.

* Indian HPCL awarded its three-month term tender for crudedelivering between December and March to BP, traders said.(Reporting by Amanda CooperEditing by David Goodman)))

More News
7 Jan 2022 08:17

LONDON BRIEFING: Shell warns on cash outflows but continues buybacks

LONDON BRIEFING: Shell warns on cash outflows but continues buybacks

Read more
7 Jan 2022 07:57

LONDON MARKET PRE-OPEN: Shell says buybacks to continue "at pace"

LONDON MARKET PRE-OPEN: Shell says buybacks to continue "at pace"

Read more
7 Jan 2022 07:49

Shell to proceed with share buyback 'at pace' despite weaker oil performance

(Sharecast News) - Royal Dutch Shell said its $7bn share buyback programme would continue "at pace" despite weaker oil product sales due to the Omicron Covid variant and forex headwinds in Turkey.

Read more
7 Jan 2022 07:27

UPDATE 3-Shell pursues $7 billion buyback 'at pace' despite LNG troubles

* LNG production hit by outages in Australia* Marketing earnings impacted by Omicron slowdown (Adds share price)By Ron BoussoLONDON, Jan 7 (Reuters) - Royal Dutch Shell said it will pursue "at pace" a $7 billion share buyback largely funded from t...

Read more
7 Jan 2022 07:27

UPDATE 1-Shell to continue $7 bln buyback programme 'at pace'

(Adds detail)By Ron BoussoLONDON, Jan 7 (Reuters) - Royal Dutch Shell said on Friday its $7 billion share buyback programme, of which $1.5 billion has been completed, will continue "at pace" despite a slowdown in fuel demand due to the Omicron COV...

Read more
7 Jan 2022 07:27

UPDATE 2-Shell pursues $7 billion buyback 'at pace' despite LNG troubles

* LNG production hit by outages in Australia* Marketing earnings impacted by Omicron slowdown (Adds details, graphics)By Ron BoussoLONDON, Jan 7 (Reuters) - Royal Dutch Shell said it will pursue its $7 billion share buyback programme after selling ...

Read more
7 Jan 2022 07:10

Shell to continue $7 bln buyback programme 'at pace'

LONDON, Jan 7 (Reuters) - Royal Dutch Shell said on Friday its $7 billion share buyback programme, of which $1.5 billion has been completed, will continue "at pace" despite a slowdown in fuel demand due to the Omicron COVID-19 variant.(Reporting b...

Read more
6 Jan 2022 23:48

U.S. court rejects laundromat owners' bid to block sale of Texas oil refinery to Mexico's Pemex

By Stefanie EschenbacherHOUSTON/MEXICO CITY, Jan 6 (Reuters) - A U.S. court on Thursday tossed out a request from two laundromat owners to block Mexican state oil company Petroleos Mexicanos (Pemex) from acquiring majority control of a Texas oil r...

Read more
6 Jan 2022 12:16

UPDATE 2-Key Kazakh oil fields pump despite protests

(Updates with Shell, details, background)By Ron Bousso and Rowena EdwardsLONDON, Jan 6 (Reuters) - Oil production at Kazakhstan's top three fields is continuing even as some contractors gathered outside the largest Tengiz field in support of protes...

Read more
6 Jan 2022 12:00

Shell-backed U.S. solar developer raises $775 million in equity

By Nichola GroomJan 6 (Reuters) - Silicon Ranch Corp, the U.S. solar project developer backed by Royal Dutch Shell, on Thursday said it raised $775 million in equity capital from new and existing investors.The announcement comes as renewable energ...

Read more
5 Jan 2022 09:54

UPDATE 2-Commodity-linked stocks lift UK's FTSE 100 after dull start

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Ocado, LSEG, Ferguson gain as brokerages raise share ratings* Gains in oil majors offset risk-off sentiment* FTSE 100 up 0.2%, FTSE 250 of...

Read more
4 Jan 2022 17:00

LONDON MARKET CLOSE: Stocks start 2022 in style as airlines fly higher

LONDON MARKET CLOSE: Stocks start 2022 in style as airlines fly higher

Read more
4 Jan 2022 12:04

LONDON MARKET MIDDAY: Bright start to 2022 as travel stocks take off

LONDON MARKET MIDDAY: Bright start to 2022 as travel stocks take off

Read more
3 Jan 2022 13:26

U.S. refiner HollyFrontier warns of lower than expected throughput

Jan 3 (Reuters) - U.S. oil refiner HollyFrontier Corp's fourth-quarter throughput will be lower than forecast, hit by weather and turnaround setbacks at refineries in Washington, New Mexico and Oklahoma, the company warned on Monday.Flooding in B...

Read more
31 Dec 2021 13:08

LONDON MARKET CLOSE: Muted finish as FTSE 100 rallies 14% in 2021

LONDON MARKET CLOSE: Muted finish as FTSE 100 rallies 14% in 2021

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.