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Buyers of liquefied natural gas (LNG) from the United States are expected to cancel up to five cargoes for loading in March, half the volumes that were cancelled in February, trade sources said on Thursday.
Nigeria's state oil firm NNPC is in talks to raise around $1 billion in a prepayment with trading firms to refurbish its largest refining complex at Port Harcourt, seven sources familiar with the discussions said.
Top oil exporter Saudi Arabia has cut supplies of February-loading crude for some Asian buyer by up to a quarter while meeting requirements of at least four others, several refinery and trade sources with knowledge of the matter said on Wednesday.
By Reuters Staff 1 Min Read LONDON (Reuters) - Global oil demand is set to recover by 6 to 6.5 million barrels per day in 2021, Vitol CEO Russel Hardy told an industry event on Wednesday. Hardy said that in Europe, demand is unlikely to start rising before April, as restrictions to control the spread of the coronavirus limit mobility across the continent. Reporting by Ahmad Ghaddar; editing by Jason Neely
Top oil exporter Saudi Arabia has cut supplies of February-loading crude for some Asian buyer by up to a quarter while meeting requirements of at least four others, several refinery and trade sources with knowledge of the matter said on Wednesday.