West African Crude Loadings Scheduled To Slip In March
West African crude exports to Asia in March are set to fall by 195K b/d m-o-m to 2.1M b/d, Reuters reports. However, this is still up by 215K b/d y-o-y. The m-o-m fall is due in part to lower purchases by Indian refiners. Yet, loadings to China are scheduled to rise to a record high of 1.4M b/d, up by 52K b/d m-o-m, amid robust demand from both state and independent refiners. Exports in 1Q17 are set to average 2.1M b/d, up by 186K b/d from 1Q16.