ADVERTISEMENT

India ups demand for Nigerian crude

More cargoes of Nigerian crude oil are now heading for India on a daily basis after loadings to China witnessed decline in recent times.

ADVERTISEMENT

 Reuters reported citing a survey of vessel fixtures and traders that Indian refineries booked the largest amount of West African oil per day in February since April 2015.

 The purchases helped to offset a steep drop in bpd-loadings of Nigeria, including Angolan crude for China, which fell to 1.22 million bpd from a record of 1.59 million bpd the previous month. 

ADVERTISEMENT

The survey showed that Indian refiners, Reliance and Essar, joined state-run Indian Oil Corp (IOC) in booking ships to ferry a total of 780,000 barrels per day (bpd) West African oil to India.

The volume was close to a three-year high on a barrel per day basis. 

While Essar bought a cargo of Dalia from Angola’s Sonangol, Reliance booked several ships to load Nigerian, Angolan and Congolese crude. 


Share this article

BARRISTER Anthony Woke Up At About 12Midnight To Urinate. He Almost Fainted When He Just Couldn't Pee: ENLARGED PROSTATE!!!

ALHAJI Ahmed Pees 7 Times At Night, More At Daytime: PROSTATE ISSUES!!!

ANY MAN ABOVE 40 Shouldn't Wait For This Crisis! PREVENT PROSTATE CANCER!

PREVENT Or SHRINK Your Enlarged PROSTATE Within 15 Days Without Surgery!!! Click To See HOW!

Join us on


Send DTM to 4900 (MTN) or DTM to 655 (Etisalat) for regular updates and more

Share your story with us: 08189301900 (Whatsapp and SMS only) Email: dtonline@dailytrust.com Or use this form

Complain about a story or Report an error and/or correction: +2348189301900

DISCLAIMER: Comments on this thread are that of the maker and they do not necessarily reflect the organizations stand or views on issues.