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Home Business News

Qua Iboe Gets First Deal Since Force Majeure

Nairametrics by Nairametrics
September 13, 2016
in Business News
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  • ExxonMobil is offering an October-loading cargo of Nigeria’s Qua Iboe crude oil, the first offer since the company declared force majeure on the grade in July, sources said on Tuesday.
  • Exxon declared force majeure on the grade, Nigeria’s largest export stream, after a leak on the pipeline that feeds the oil to the export terminal.
  • The cargo is offered for October 8-16 loading at a premium of $1.80 per barrel to dated Brent, sources said.
  • Source: Reuters

 


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