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W Africa Crude-India s HPCL secures two oil cargoes | Hellenic Shipping News Worldwide
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Algeria s Saharan Blend Price Settles At Highest Since April
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VLSFO margin rebounds to four-month high | Hellenic Shipping News Worldwide
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Price spreads between comparable West African crudes have reached record highs, restoring interest in a previously beleaguered Angolan segment after values soared in adjacent markets. Spiking European middle distillate cracks in the lead-up to June trading combined with tightening crude supply in the North Sea and Mediterranean has left refiners scrambling for West African crudes .
Almost all sweet crude grades in Europe have been racing higher as record product cracks and supply outages encouraged sellers to put their prices up. Differentials for WTI Midland arriving into Europe through June and early-July, for example, have surged in recent days. WTI Midland DAP Rotterdam was assessed at a $4.18/b premium to forward .