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West African Crude Sells Fast at Record Prices

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  • Nigerian bullish prices, buoyed by European demand, are "dragging up" Angola's fixtures, while more than half of Angola's August program has cleared.
  • India's huge offtakes of Russian crude are putting pressure on West African flows to Asia.

West Africa’s August-loading cargoes are moving at a fast pace — and record prices — thanks to brisk demand in Europe and the return of Chinese buyers for spot cargoes.

Topics:
Oil Supply, Oil Spot Markets
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