The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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-Total sells IOC a VLCC, Nigerian outlook brightens

Fri, 03rd May 2019 17:24

LONDON, May 3 (Reuters) - Total won a tender for a WestAfrican grade by Indian state oil company IOC which closed onThursday and will send a VLCC.

Angolan crude continued to sell well as cargoes for Junedwindled, while Nigerian oil looks set to receive a boost fromEuropean gas cracks and the onset of the summer driving seasonin the United States.

ANGOLA

* Only a handful of the 43 Angolan crude cargoes for Juneloading remained.

* Despite around a $1 increase on offers for most gradesfrom last month due to an initial shortage, Angolan oil hastraded well as heavier oils have been met with higher demand.

* Total sold a cargo of the new crude grade Mostarda fromthe Kaombo Sul offshore field and was marketing another.

NIGERIA

* Robust Asian demand throughout the month while Europeangasoline refining margins have been on the rise, lending supportto Nigerian grades which are lighter.

* The United States imported 142,000 barrels of Nigeriancrude in the week ending April 26, according to the U.S. EnergyInformation Administration, a weekly rise of 75,000 barrels asthe onset of the summer driving season looms.

* Royal Dutch Shell declared force majeure on Monday onexports of Nigeria's Bonny Light crude after the closure of oneof two export pipelines. Amenam, operated by oil major TotalTOTF.PA, was also heard to be under force majeure.

* Traders said the issues had lead to an unexpectedly shortloading delay of around 4-5 days.

* Offer levels for June loading on major grade Qua Iboe wasstill high at around dated Brent plus $2.50.

TENDERS

* Total will supply India's IOC with a VLCC of West Africancrude, but the grades were not immediately clear.

* Traders said IOC will purchase two other Suezmax cargoesof crude but further details were unavailable.

RELATED NEWS

* Nigerian state oil company NNPC said that 132 companieshad bid for the right to swap the nation's crude oil for fuelsas a tender for the deals closed on Thursday.

* Saudi Arabia's oil output may edge up in June, sourcesfamiliar with the kingdom's policy said, but the extra crude maybe used for domestic power generation rather than providing theboost to exports that Washington has been seeking.

(Reporting by Noah Browning;Editing by Alexander Smith)))

More News
27 Oct 2022 07:30

Shell announces $4bn share buyback as Q3 profits beat expectations

(Sharecast News) - Oil giant Shell announced a $4bn share buyback on Thursday as it posted better-than-expected third-quarter profits.

Read more
21 Apr 2022 11:53

Shell turning to China to offload Russian business - report

(Sharecast News) - Shell is reportedly looking to China as it looks to offload its Russian business.

Read more
15 Feb 2022 15:54

Shell preparing to sell North Sea gas fields - report

(Sharecast News) - Shell is reportedly preparing to launch the sale of its stakes in two clusters of gas fields in the southern British North Sea, part of an ongoing retreat of long-time producers from the ageing basin.

Read more
7 Feb 2022 10:52

Berenberg nudges up target price on Shell

(Sharecast News) - Analysts at Berenberg slightly raised their target price on oil and gas giant Shell from 2,350.0p to 2,375.0p on Monday, stating the firm was "on a roll".

Read more
31 Jan 2022 10:53

TOP NEWS SUMMARY: Shell and BHP share unifications go into effect

TOP NEWS SUMMARY: Shell and BHP share unifications go into effect

Read more
31 Jan 2022 07:48

LONDON MARKET PRE-OPEN: WeBuyAnyCar owner buys into Lookers

LONDON MARKET PRE-OPEN: WeBuyAnyCar owner buys into Lookers

Read more
28 Jan 2022 11:25

Shell's renewables boss steps down after less than two years

* Elisabeth Brinton leaves for new role, she says* Shell creates two new renewables leadership roles* Thomas Brostrøm to head renewables generation* Steve Hill to head energy marketingBy Ron BoussoLONDON, Jan 28 (Reuters) - Shell's head of renewable...

Read more
27 Jan 2022 16:14

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

Read more
26 Jan 2022 17:02

LONDON MARKET CLOSE: FTSE 100 soars ahead of Fed as oil, travel gain

LONDON MARKET CLOSE: FTSE 100 soars ahead of Fed as oil, travel gain

Read more
26 Jan 2022 14:36

China's Sinopec awards fewer cargoes in recent LNG tender

By Chen Aizhu and Marwa RashadSINGAPORE/LONDON, Jan 26 (Reuters) - Unipec, the oil and gas trading arm of China's Sinopec Corp has awarded fewer-than-planned cargoes in a recent tender to sell up to 45 cargoes of liquefied natural gas for 2022 del...

Read more
26 Jan 2022 12:16

LONDON MARKET MIDDAY: Markets brace for aggressive US Fed tightening

LONDON MARKET MIDDAY: Markets brace for aggressive US Fed tightening

Read more
26 Jan 2022 09:33

UPDATE 2-Commodity, bank stocks lead FTSE 100 higher; Playtech drops

* Oil and banking shares top gainers* Wizz Air reports Q3 loss, expects improvement in spring* FTSE 100 up 1.3%, FTSE 250 add 1.1% (Updates to market close)By Shashank Nayar and Ambar WarrickJan 26 (Reuters) - London's FTSE 100 rose on Wednesday wit...

Read more
26 Jan 2022 09:12

LONDON MARKET OPEN: Fresnillo drops on 2022 production warning

LONDON MARKET OPEN: Fresnillo drops on 2022 production warning

Read more
25 Jan 2022 21:13

UPDATE 1-U.S. awards 13 mln barrel exchange of crude from strategic reserve

(Adds details on sale, background on 50 million barrel SPR plan)WASHINGTON, Jan 25 (Reuters) - The U.S. Department of Energy said on Tuesday it had approved an exchange of 13.4 million barrels of crude oil from the Strategic Petroleum Reserve to ...

Read more
25 Jan 2022 20:10

U.S. awards exchange of 13 mln barrels of crude from strategic reserve

WASHINGTON, Jan 25 (Reuters) - The U.S. Department of Energy said on Tuesday it had approved an exchange of 13.4 million barrels of crude oil from the Strategic Petroleum Reserve to seven companies.The companies are Shell Trading US, 4.2 million ...

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.