Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.

Less Ads, More Data, More Tools Register for FREE
Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO
Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPOView Video
Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant
Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plantView Video

Latest Share Chat

W. Africa Crude-Angola's Cabinda crude weakens, Nigeria supported by BP bidding

Fri, 07th Sep 2018 17:04

LONDON, Sept 7 (Reuters) - Nigerian crude grades ended theweek supported by bidding interest from oil major BP, which wasseeking for an unusually large number of cargoes on Friday.

Elsewhere, Angola's Cabinda crude weakened.

NIGERIA

* BP re-emerged in the Platts window on Friday, according totraders, bidding for 3 cargoes of Forcados and two cargoes ofBonny Light, Qua Iboe and Bonga each throughout October. As inprevious days, BP was offering to pay dated Brent + $1.70 abarrel.

* BP bought a cargo of Qua Iboe from Vitol at dated Brentplus $1.63 a barrel loading Oct. 12-13 on a fob basis. Thisfollows on two deals on Thursday in which BP bought cargoes ofBonny Light and Qua Iboe from Vitol at dated Brent plus $1.70loading in the first half of October.

* Chevron was heard offering two cargoes of Agbami in thesecond half of October at dated Brent plus 20 cents, and Shellwas offering one cargo of Agbami.

* Qua Iboe was being offered at dated Brent + $2.00 abarrel, traders said.

* Sahara bid for a cargo of Brass River loading Oct. 20-25at dated Brent +1.00 a barrel.

ANGOLA

* Chevron was offering a cargo of Cabinda at dated Brentplus 60 cents loading Oct. 19-20. That was 5 cents weaker thanprevious asking prices.

* Eni and Unipec were still offering Olombendo, and Totalwas showing Gindungo, traders said.

TENDERS

* India's IOC issued a buy tender for west African crudeloading Nov. 5-15 or for Dec. 3-12 delivery. The tender closeson Sept. 11 and remains valid until Sept. 12.(Reporting by Julia Payne and Dmitry Zhdannikov; Editing byLouise Heavens)))

Related Shares

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.

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.

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, par...

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 th...

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

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.