Statoil ASA failed to buy North Sea Forties crude at a higher price than its previous bid. Vitol Group sought to sell Nigerian Bonny Light and Escravos on the Platts pricing window. No bids or offers were made for Russian Urals blend.
Royal Dutch Shell Plc’s Nigerian unit declared force majeure on Bonny Light oil loadings for this month and July because of multiple fires on the Trans Niger pipeline, the company said in an e-mailed statement.
Royal Dutch Shell Plc sold 2 million barrels of Nigerian crude to Indian Oil Corp., the nation’s biggest refiner, said two traders, declining to be identified as they aren’t authorized to speak with the media.
Royal Dutch Shell Plc, Europe’s largest oil company, said it has resumed production at its Bonga and EA fields in Nigeria while loadings of Bonny Light crude will be delayed or canceled because of pipeline leaks.
Nigeria, Africa’s largest oil producer, is scheduled to export six cargoes of Bonny Light crude in January, one less than a revised plan for December, according to a loading program obtained by Bloomberg.
Vitol Group sold a cargo of North Sea Forties at a lower price on a ship-to-ship basis, the first of this type of transfer in a year. Royal Dutch Shell Plc failed to sell Russian Urals crude in northwest Europe.