on Friday, strikes in the French refining sector and seasonal maintenance at plants in other parts of Europe reduced the country’s sales.
The traders said it is a considerably weaker position than normal for this time of the month — when trade should be moving on to May’s barrels — and the prices the shipments can fetch are plummeting.According to the report, France, one of Nigeria’s biggest buyers, purchased an average of 110,000 barrels a day from the African country over the past year.
“Capacity is offline at some typical destinations for Nigerian crude such as Spain’s San Roque refinery and Italy’s Sarroch plant. Facilities that have halted capacity for work also include Shell Plc’s Pernis refinery near Rotterdam, Europe’s biggest plant,” Bloomberg said.
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