Crude Oil Extends Decline From One-Week Low Ahead of Brexit Vote

Crude fell a fourth day after closing at a one-week low as concern mounts over the strength of global growth as Britain votes later this month on whether to leave the European Union.

Futures fell as much as 0.8 percent in New York after settling at the lowest since June 3 on Monday as investors looked ahead to a June 23 referendum that will determine Britain’s membership in the EU. Shale drillers added 12 oil rigs in the U.S. over the past two weeks in the first consecutive weekly gains since August, according to Baker Hughes Inc. data.

QTY.: 1,000,000 SPOT 2 TO 5 MM X 12 CONTRACT JP54 CI DIP & PAY AT ROTTERD

JP54 CI DIP & PAY - ROTTERDAM

(1) IF BUYER HAS TANKS  7/8 LESS PLATTS.   50 CENTS CLOSED. 50 CENTS OPEN

(2) IF BUYER DOESN'T HAVE TANKS 6/7 LESS PLATTS.   50CENTS CLOSED. 50 CENTS OPEN

Procedures:
1) Buyer provides ICPO and RWA letter from his bank
2) Seller sends CI
3) Buyer executes CI and returns
4) Seller sends full POP: SGS/DTA or Pre-Injection report
5) Buyer verifies POP and pays by MT 103 within 12 hours.
6) Documents titled in end buyer's name and Buyer lifts
7) Seller/Buyer negotiate contract.‏

CI Dip & Pay MAZUT-100 GOST 10585/75 is available at the moment

Our seller just confirmed to us on monday that CI Dip & Pay MAZUT-100 GOST 10585/75 is available at the moment and they are looking for a serious buyer to purchase the product in Kosmino/Nakhodka Port and we have Tank receipt and the SGS available for verification. This documents are in our custody as i am writing you!


Kindly revert back to us immediately if your buyer is ready to purchase the said product MAZUT-100 GOST 10585/75 from our seller with quantity 55.000 metric tons, to enable us request for the procedure from the seller as soon as possible. Be adviced that your buyer must act very fast on the allocation because we are not the only mandate working for the refinery

Only serious buyers should Email us.

OFFER FOR AFRICAN WOOD OFFER FOR AFRICAN TIMBER,LOGS,SAWN WOOD,PLANKS ETC.

Here are other wood species that we have in stock NOW CONFIRMED FOR EXPORT

AZOBE =€305/cbm fob douala port

BUBINGA=€275/cbm fob douala port

DOUSSIE(PACHY)=€2805cbm fob douala port

KOSSIPO=€275/cbm fob douala port

PADOUK=€305/cbm fob douala port

TALI=€285/cbm fob douala port

EKOP BELI (price upon request)

SUPPLY ABILITY

1000CBM+ FOR LOGS

300-600CBM+ FOR SAWN WOOD

LOADING 2-WEEKS MAXIMUM

OFFER EXPLICITLY FRESH CUT LOGS

WILL LIKE BUYER OR BUYER MANDATE TO VISIT

LOGS RANGE FROM 0.3M+ FOR DIAMETER AND 5-70CM+ LENGTH

PAYMENT CAD/TT/DP

COMMISSION-PREFER TO DISCUSS WHEN EXCHANGING MAILS.

PS
Wood samples available upon request.

email us at: mpn.gblobal.ventures@gmail.com or info@afrishoponline.com

Magee Hanson

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Crude oil price weighed down by weak demand

Crude oil price differentials for Nigeria stayed under pressure, Friday, having fallen this week, weighed down by weak demand from large Asian buyers.
Nigeria’s largest stream, Qua Iboe, was assessed at its lowest premium to dated Brent in two years. Refining margins in Europe and Asia have been weak, curbing non-essential buying interest, say traders. “Margins and cracks have improved, but it does not seem to changed things very much,” said one.

W. Africa Crude-Sagging demand keeps differentials weak

LONDON, June 30 (Reuters) - Nigerian crude oil cargoes
failed to attract much interest from buyers on Monday, traders
said, with expectations that differentials will fall further
keeping activity thin. 
    There were still around seven cargoes due to load in August
available on top of more than 50 for July, a trader said. 
    Slack demand from European refiners that have cut runs due
to lower margins has hit demand, while sharper drops in
differentials in crudes from other regions have limited demand
from Asia and elsewhere. 

Shell Nigeria Declares Force Majeure on Forcados Oil Exports

IBADAN, Nigeria--Royal Dutch Shell PLC's (RDSA, RDSA.LN) Nigerian unit said Tuesday it has declared force majeure on the shipping of the Forcados oil blend from Nigeria after it shut an export pipeline due to a leak.

Crude above $101 a barrel on higher than expected US GDP; supply worries

The price of oil advanced past US$101 a barrel Thursday following an upward revision to U.S. growth figures and ongoing concerns about tight supplies.
Benchmark West Texas Intermediate crude for May delivery rose $1.02 to close at US$101.28 on the New York Mercantile Exchange. That is the highest closing price in three weeks. On Wednesday, oil jumped $1.07 to close at US$100.26.

Chevron Is Said to Seek Buyers for $1 Billion in U.S. Assets

Chevron Corp. (CVX) is seeking to sell pipeline and storage operations in Texas and Louisiana that together may fetch more than $1 billion, people familiar with the matter said.

Chevron is working with Jefferies Group LLC to find buyers for at least four natural gas and crude oil pipeline operations, said two of the people, who asked not to be named because the process is private. The San Ramon, California-based company began sending out offering materials this week, the people said.

Ezekwesili Challenges Okonjo-Iweala to Account for 'Missing' U.S.$10.8 Billion' Oil Money - PREMIUM TIMES

Former Vice President of the World Bank, Oby Ezekwesili, has taken the Minister of Finance, Ngozi Okonjo-Iweala, and the Nigerian National Petroleum Corporation (NNPC) to task over the sloppy manner the government has handled the issue of the 'missing' $49.8billion oil money.  The Governor of the Central Bank of Nigeria, Lamido Sanusi, had, in a memo to President Goodluck Jonathan accused the NNPC of diverting huge oil revenue that should be paid to the federation account.