LONDON: Nigeria had reached production of 1.9 million barrels per day (bpd), according to the petroleum ministry, but the Niger Delta Avengers claimed to have hit a pipeline exporting Chevron's Escravos crude in the early morning hours on Tuesday.
Iraq's oil exports are set to rise slightly in October, according to loading data and an industry source, a sign OPEC's deal to limit supplies has yet to restrain shipments from the group's second-largest producer.
Global oil demand will rise by 1.2 million barrels per day (bpd) in 2017, steady from 2016 growth, according to IEA chief Fatih Birol, but said that oil demand growth could weaken, if prices kept rising.
NIGERIA
Chevron did not return requests for comment on the attack claimed by the Niger Delta Avengers, which they said took out the main export pipeline for Esravos. One trade source said loadings were suspended for now, but there is at least one vessel waiting at the terminal.
Other loading plans for December were slow to emerge, and spot trade was also limited by the BPCL tender and the pending export programmes.
There was an ongoing excess of light sweet crudes, which weighed on differentials.
ANGOLA
Spot trading had slowed, though strong demand continued from China.
Sources said teapot refiners were doing more spot buying, in part to replace Chinese production that has fallen substantially this year.
Firm cracks for middle distillates also helped drive buying interest in Angolan grades. * Plutonio was offered at an 80 cent discount to dated Brent, CLOV at a 20 cent discount and Pazflor at a $1.40 discount.
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