28478
Angola to Raise Crude Exports
Energy

Angola to Raise Crude Exports

Angola will export around 1.80 million barrels per day of crude oil in December, up from 1.77 million bpd planned in November, a provisional loading schedule showed on Tuesday. Oil majors, including Exxon, Total and Chevron and state oil company Sonangol, will export the oil on 58 cargoes, up from the 55 cargoes that were set to move in November, the schedule showed, Reuters reported. Higher output, combined with strong supply from competing grades of crude oil, high storage and sluggish demand growth, has put pressure on differentials of Angolan crude oil. There was a handful of cargoes still available for November export, with oil from the country selling at a slower pace than in earlier months. The export program for Nigerian crude oil is expected to be known on Wednesday and Thursday. According to international transparency group Global Witness, Nigeria, Angola and Republic of Congo have lost about $4 billion in shady oil and mining deals.

 

Short URL : https://goo.gl/37GvTt
  1. https://goo.gl/5Qefot
  • https://goo.gl/cHFMT5
  • https://goo.gl/1sCzh5
  • https://goo.gl/wIpytm
  • https://goo.gl/AGtd1Q

You can also read ...

BP: Electric Vehicles to Cut Oil Consumption
The emergence of self-driving electric cars and travel sharing...
OPEC Deal Closer to Market Rebalancing
The OPEC deal is closer than ever to meeting its market...
Brent, WTI Prices Slide Over Higher US Production
Oil prices fell on Wednesday, weighed down by a rebound in the...
SP Phases 17-18  Output Increases
Major overhaul operations in phases 17 and 18 of the giant...
The lion's share of petrochemical exports is bound for China, India and South Korea.
Boosting the country's petrochemical revenues entails...
NISOC in Close Cooperation With Domestic Academic Centers
National Iranian South Oil Company can implement complicated...
Special Devices for Gas Regulating Stations
Some 150 natural gas pressure regulating stations have been...

Trending

Googleplus