W. Africa Crude-Exxon Nigerian export plans on hold

Kitco Media
By Reuters
Published:
Updated:
Reuters
LONDON, April 20 (Reuters) - Nigerian crude oil export plans for June from streams operated by Exxon appeared to be delayed on Thursday after labour disputes forced the energy major to declare force majeure earlier this week.


* Preliminary programmes for June loading Nigerian crude began to emerge on Thursday but did not include Exxon-operated streams, which usually emerge first.
* Several days into the declaration of force majeure on exports, traders were increasingly predicting the situation would not be resolved immediately and would impact production.
* The Amenam stream is due to load four cargoes, Egina three, and Akpo two.
* Indonesia's Pertamina and India's HPCL closed buy tenders on Thursday for June and July arriving supplies but results had not yet emerged and HPCL may not have taken any crude from the region.
* Indonesia issued a term tender for one cargo each for the three months beginning in July, set to close on Wednesday. (Reporting by Noah Browning; editing by Jonathan Oatis)


W Africa Asia crude exports, monthly New African oilfields speed guide crude speed guide
NYMEX crude ICE crude North Sea crude oil oil products derivatives European products Latest ICE Latest NYMEX ))))
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.