Monthly Archives: June 2017


Nigerian Forcados crude export terminal could restart in few weeks: oil minister

* Contradicts NDPC’s statement repairs will be completed by end-June * Current production 1.9 mil-2 mil b/d Nigeria’s major oil export terminal, Forcados, which has been the casualty of militant attacks, could restart in a matter of weeks, oil minister Emmanuel Kachikwu said Wednesday. But this contradicts recent statements from Nigerian Petroleum Development Company, which [...]

By | 2017-06-13T13:02:19+00:00 June 13th, 2017|News|0 Comments

Citi’s U.S. economic surprise index hits three-year high

Citi Research’s barometer on U.S. economic data surprises rose to its highest level in more than three years following a batch of stronger-than-forecast reports on retail sales, consumer prices and regional business activity. The Citi gauge .CESIUSD, a measure of economic data that was weaker or stronger than forecast and which traders monitor for the [...]

By | 2017-06-13T14:14:14+00:00 June 13th, 2017|News|0 Comments

Analysis: Asian buying of Atlantic Basin crudes spikes on aligning factors

* Narrow Brent/Dubai EFS increases attractiveness of Brent-related crudes * Freight rates soften on key routes * Chinese buying up, increased teapot refinery demand Buying of Atlantic Basin crudes by Asian buyers — particularly in China — has spiked since the beginning of 2017 on a confluence of factors that include the OPEC production cuts [...]

By | 2017-06-13T12:56:25+00:00 June 13th, 2017|News|0 Comments