MNI: PBOC Net Drains CNY20.7 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Lower At 7.1886 Thurs; -2.34% Y/Y

MNI BRIEF: PBOC To Issue Record Volume of CNH Bills Next Week

CHINA DEC CPI +0.1% Y/Y VS MEDIAN +0.1%; NOV +0.2%: NBS

MNI BRIEF: US Hiring, Pay Growth Continue Downshift- ADP

MNI China Daily Summary: Wednesday, January 8

MNI:AUSTRALIA NOV TRADE BALANCE A$+7079

MNI: AUSTRALIA NOV RETAIL SALES +0.8% M/M

MNI: UK DEC BRC SHOP PRICES +0% M/M, -1% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

OIL: WAF Bonny Light Crude Buying Interest Fades

OIL
Energy BulletsBulletCommodities

Demand for WAF crudes remains lacklustre, traders told Reuters, with a nascent price recovery in light sweet grades not spreading to other parts of Europe or WAF.

  • There were no bids or offers in the Platts MOC for Bonny Light Nov. 27, Reuters said.
  • Bonny Light was most recently valued at about Brent plus $1/b on a FOB basis.
  • More Nigerian crude is headed to Asia in November, with loadings to the east having reached 414k b/d, up 230k b/d on the month.
80 words

To read the full story

Close

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.

Demand for WAF crudes remains lacklustre, traders told Reuters, with a nascent price recovery in light sweet grades not spreading to other parts of Europe or WAF.

  • There were no bids or offers in the Platts MOC for Bonny Light Nov. 27, Reuters said.
  • Bonny Light was most recently valued at about Brent plus $1/b on a FOB basis.
  • More Nigerian crude is headed to Asia in November, with loadings to the east having reached 414k b/d, up 230k b/d on the month.