HALISTER1: WAF CRUDE: Nigeria Output Higher; Petroperu Seeks Cargoes

WAF CRUDE: Nigeria Output Higher; Petroperu Seeks Cargoes

(Bloomberg) -- IEA says Nigeria crude output rose ~40k b/d in Jan. vs Dec. Petroperu seeks 2 cargoes from either West Africa or Latin America.
  • Petroperu seeks 2 x 380k bbl crude cargoes from LatAm or West Africa for delivery to Peruvian ports of Conchan and Talara: document obtained by Bloomberg.
    • Delivery March 4-8, March 20-24
    • Bids due 10am-11am tmrw, valid until 8pm Feb. 11
  • IEA says Nigeria increased oil output to 1.84m b/d in Jan. vs 1.8m for Dec.; Angola stable at 1.75m b/d
  • Eni Oshie flow-station in Akala Olu village of Nigeria’s southern Rivers state attacked by suspected vandals
    • ~460 barrels of crude impacted, no force majeure declared on production
  • Nigeria opens investigations into nation’s petroleum sector: acting chairman of the economic and financial crimes commission Ibrahim Magu says Monday
  • Ivory Coast starts talks w/ Petroci workers on ending strike that began Feb. 2: Employment Minister Moussa Dosso
    • “The idea is to reach an agreement this week. Unions have accepted to suspend their strike”; severance packages already paid, talks continue for compensation
  • Ghana is monitoring oil prices, will go to Parliament with revisions for 2016 budget if prices continue to plunge, says Minister of Finance Seth Terkper
BALTIC EXCHANGE FREIGHT RATES:
  • TD15 VLCC WAF to China at WS 65.04 vs 65.33 yday
  • TD20 Suezmax WAF to U.K./Cont at WS 74.13 vs 73.75 yday
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Seth Terkper (Republic of Ghana)

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