Vitol offers to sell Bonny Light

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OilBarrelCorbisBarbaraDavidson460Vitol, a major crude oil trading firm has offered to sale Bonny Light, Nigeria’s premium oil grade from January 15, this year.

The trading house said to have offered the crude estimated to be many million barrels also has commercial quantity of Forcados crude for the same delivery period.

Bloomberg stated that Nigeria’s government averted strike action from oil unions after shelving plans to privatise the nation’s four state-owned refineries, said Babatunde Oke, a spokesman for the Petroleum and Natural Gas Senior Staff Association of Nigeria.

It stated that Pengassan has not been directly told by the government that it will no longer proceed with a proposal to privatise Nigeria’s refineries, having learned about the plans through media reports.

The agency stated that 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.

It stated that 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.

Vitol Group sought to sell Nigerian Bonny Light and Forcados crude. There were no bids for North Sea crudes or Russian Urals.

Shipments of North Sea Oseberg crude for February are planned at six cargoes of 600,000 barrels each, one less than this month, a loading program obtained by Bloomberg News shows.

There were no bids or offers for Forties crude today, according to a Bloomberg survey of traders and brokers monitoring the Platts window. The grade last traded on Dec. 31 when Mercuria Energy Trading SA sold cargo F0111e to Trafigura Beheer BV at minus 25 cents a barrel to Dated Brent.

Brent for February settlement traded at $106.99 a barrel on the ICE Futures Europe exchange at the close of the window, compared with $108.55 in the previous session. The March contract was at $106.68, a discount of 31 cents to February.

Shipments for Oseberg crude next month will total 3.6 million barrels, or 128,571 barrels a day, compared with 135,484 barrels a day for January, the plans showed.

Oseberg is the first of the four main North Sea loading programs to emerge. Brent, Forties and Ekofisk are expected to be issued on Jan. 6.

PKN Orlen, Poland’s largest oil company, is seeking to buy 100,000 metric tons of Jan. 17 to Jan. 21 loading Urals crude for delivery to the Butinge terminal in Lithuania, according to two people who received the tender, asking not to be identified because the information is confidential.

The Suezmax tanker SKS Satilla is heading to China after being loaded with Urals crude at Novorossiysk on Dec. 30 to Dec. 31, the fourth to ply this route since Nov. 21, according to Boutros Maritime and Transport. The vessel is now signaling Port Said at the Suez Canal as its next stop, according to ship-tracking data on Bloomberg.

Flows of Kirkuk crude to the Turkish port of Ceyhan were halted after part of a pipeline was hit by a bomb yesterday, Iraq’s state-owned North Oil Co. said in a statement. The company began replacing damaged parts of the line today. No definitive date to complete repairs has been set because the damage is extensive, North Oil said.

Libya left January official selling prices unchanged for Es Sider crude at a 40-cent discount to Dated Brent, according to a list of differentials obtained by Bloomberg News.

 

[National Mirror]

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