Asian imports of West African crude oil were expected to reach 1.62 million barrels per day in August, trade sources said on Thursday, the highest monthly volume since March 2006 as per Reuters data. For full story, click here
A fresh force majeure and an overhang of August cargoes kept Nigerian crude oil differentials under pressure on Friday. For full story, click here
Sinopec, with its $7.2 billion bid for Addax Petroleum, is seeking crucial production capacity and coveted reserves in West Africa and the Middle East to help balance its heavy reliance on crude oil processing. For full story, click here
West African crude oil differentials eased a little on Thursday, under pressure from an ample supply of Nigerian cargoes still available for July and as demand eased both east and west. For full story, click here
A Bernstein Research report stated that Reliance Industries Ltd. unveiled shipping diesel to Europe and West Asia, and petrol to Iran while avoiding the US West Coast. For full story, click here
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