MRS, Trafigura sell Forcados as high freight rates weigh on Asian demand

Some spot cargoes traded on Tuesday but overall buying interest had slowed due to rising freight rates, particularly to Asia.

Nigerian Bonny Light, Bonga and Qua Iboe were being offered at around dated Brent plus $1.75 a barrel.

Traders said that MRS and Trafigura sold cargoes of Forcados loading Dec. 5-10 but price and buyer details did not immediately emerge.

Source: Reuters

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