West Africa Vitol offered Bonny Light for Jan. 15 to Jan. 20 delivery to Rotterdam at a premium of $4.10 a barrel to Dated Brent, according to the survey. The trading house was offering the crude in a lot of 1.5 million barrels, 1 million barrels or 500,000 barrels. The company was also offering Nigerian Forcados crude for the same delivery period at plus $4.60 to the benchmark. Nigeria’s government averted strike action from oil unions after shelving plans to privatize the nation’s four state-owned refineries, said Babatunde Oke, a spokesman for the Petroleum and Natural Gas Senior Staff Association of Nigeria, also known as Pengassan. Pengassan has not been directly told by the government that it will no longer proceed with a proposal to privatize Nigeria’s refineries, having learned about the plans through media reports, Oke said. Lagos-based newspaper ThisDay reported today that the government isn’t going to sell state-owned refineries, citing presidential spokesman Reuben Abati. Equatorial Guinea will keep exports of Aseng crude unchanged at two cargoes of 650,000 barrels each in February, according to a loading program obtained by Bloomberg News. Gabon is scheduled to keep shipments of Rabi Light crude steady in February at two cargoes. The country will also export two lots of Oguendjo and one of Etame, loading programs show. Shipments are 650,000 barrels each. The schedule for Rabi Blend is not yet available.
Posted on: Mon, 14 Apr 2014 06:25:58 +0000