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Copyright violation is a serious offence

 

Copyright violation is a serious offence. Any distribution or forwarding of information which is not expressly permitted by your subscription agreement is a copyright violation. ICIS pricing will be using software to monitor unauthorised electronic redistribution of reports. Copyright 2010 Reed Business Information Limited. ICIS pricing is a member of the Reed Elsevier plc group.

 

 

 

 

 3rd March 2010

World Crude Report – West Africa (3rd Update)

 

 

Crude

 

Assessed

 

 

Versus

 

Crude

 

Assessed

 

Versus

 

     

 

 

Prev

Dated

 

 

 

Prev

Dated

BONNY LT

APR

80.19

+1.27

1.45

BRASS

APR

80.09

+1.27

1.35

QUA IBOE

APR

80.19

+1.27

1.45

FORCADOS

APR

79.94

+1.27

1.20

ESCRAVOS

APR

79.99

+1.27

1.25

CABINDA

APR

78.59

+1.27

-0.15

           

COMMENTS                        

 The latest tender by the Indian Oil Corporation (IOC) for the purchase of sweet crude for loading 16-30 April or May closes in full on Thursday, with the results expected to be announced on Friday.

 

Many expected the trader that recently picked up a couple of cargoes of Qua Iboe for loading late April (WCR 2 March) to be a front-runner for the business.

 

Indeed, the trader was reported to have possibly picked up another couple of cargoes of the grade from the terminal operator, but no details were forthcoming.

 

The same seller was reported to have moved a 22-23 April YOHO to a USEC refiner, but no price details were forthcoming.

 

Trade remained brisk on AKPO condensate with a trader reported to have sold its 23-24 April cargo to an Iberian refiner, but again no price details were forthcoming.

 

A Scandinavian producer was reported swapping the 16-17 April DALIA for the 27-28 April cargo with a European major.

  

 

 

 

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