Nigerian trade was limited with tender awards coming out and force majeure declared on Bonny Light exports while the market was also looking ahead to September schedules due to emerge next week, Reuters reports.
Shell’s Nigerian subsidiary declared force majeure on Bonny Light crude oil exports effective on Thursday, the company said in a statement on Friday. Trade was limited with Eni offering cargoes of Nigerian Brass River while traders were looking ahead to next week’s release of the September schedules.
Vitol won Indian IOC’s latest tender along with Chevron. Vitol was said to be sending two VLCCs with Akpo, CLOV, Agbami and Bonga, one trader specified. Chevron is sending a cargo of Escravos.