Oil and Gas
June Nigerian cargoes clear
June loading cargoes of Nigerian crude started clearing promptly in last minute demand ahead of the release of the July loading programme, traders told Reuters on Tuesday in London. “June programmes are clearing better than was the case for May,” a trader said. Traders said about 10-15 of close to 70 June loading Nigerian cargoes were left unsold. Traders also said that CNOOC has closed a mini-tender to sell Akpo June 26-27 loading. ChinaOil bought two cargoes of Escravos for June 7-8 and June 15-16, traders said. This was not confirmed. Eni sold Okono for June 23-24. The company declined to disclose the seller. Yoho for June 3-4 was sold to BP though it could not be reached for comment Reuters said. Shell swapped June 26-27 Bonga with Eni’s Bonga for June
4-5. Price details were not available.
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