MARKET FLASH: Strong rise in West African crude oil exports to Asia expected in November due to firm Chinese demand

by admin
A Bloomberg survey of traders expects shipments this month to Asia from Angola, Nigeria, Equatorial Guinea, Republic of Congo, Ghana, Cameroon, Gabon and the Democratic Republic of Congo to rise by 8 to 60 cargoes. This is equivalent to 1.9 million barrels per day (mbpd), up from 1.6mbpd in October. Asian demand is being boosted by the end of seasonal refinery maintenance and increased shipments to China ahead of Chinese New Year celebrations at the end of January 2017.

You may also like

Leave a Comment