Monday, September 19, 2016

Qua Iboe Cargo on Offer


A cargo of ExxonMobil’s Qua Iboe crude for October-loading is being offered by the US firm, the first offer on the grade in over a month.

The US firm declared force majeure on the Qua Iboe crude in July after a leak on the pipeline that feeds the oil to the export terminal was discovered.

The cargo is offered for October 8-16 loading at a premium of $1.80 per barrel to dated Brent, sources said in a Reuters report.

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