Business Maverick: West Africa Oil Still Unloved Despite Post-Ukraine Supply Woes

📆 12/04/2022 18.55.00
📰 dailymaverick

⏱ Reading Time:
17 sec. here
2 min. at publisher
📊 Quality Score:
News: 10%
Publisher: 84%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

Russia’s invasion of Ukraine has caused one of the biggest upheavals to global petroleum markets in living memory. It still isn’t resulting in a clamor for replacement barrels from west Africa.

Many of the region’s April oil cargoes have yet to find a home because the three biggest customers — China, India and Europe — are buying less, according to traders specializing in West African barrels.

“Teapots’ crude buying interests are going lower and lower due to the recent weak demand and deepening run cuts,” said Mercedes McKay, an analyst at Facts Global Energy. West Africa’s other main market, Europe, is also seeing muted buying because oil refineries there view cargo offer prices as too high, traders said.

Tulis Komentar

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

The best universities in South Africa to study business, accounting and lawThe latest edition of the QS World University Rankings by Subject has been released, ranking South African universities with courses that are among the best in the world.
Sumber: BusinessTechSA - 🏆 24. / 61 Baca lebih lajut »

‘Money-flipping’ and the other investment scams hitting South Africa right nowThere has been news aplenty about an onslaught of investment scams since the start of 2022, from popular shows on Netflix glorifying the brazen tales of “swindlers”, to home-ground stories about opportunists fleecing individuals as well as businesses.
Sumber: BusinessTechSA - 🏆 24. / 61 Baca lebih lajut »