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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessDeferments Push Nigerian Loading Plan Lower August
There are less Nigerian cargoes looking for August loadings according to Bloomberg reports – with some cargoes being deferred into September.
- For Nigeria, between eight and 12 shipments for August loading are still searching for purchasers out of 45 planned.
- 16 were unsold July 17 form a tally of 50. Deferments are the main driver for the drop. WAF crudes have been in lower demand as Atlantic based refiners search for medium-heavy sour grades as OPEC+ cuts tighten the market.
- Earlier report by Bloomberg placed Forcados repair work at 5-10 days – weather dependent.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.