Most West African crude trading takes place in term contracts or bilateral deals and it is relatively rare for companies to trade cargoes in the Platts window, a service run by oil-index publisher S&P Global Commodity Insights.
On Tuesday, Unipec offered Dalia at dated Brent minus 60 cents, below Exxon's offer, and Exxon trimmed its offers for Kissanje and Hungo. Traders say companies tend to use the window when there is a wide gap between bids and offers in an effort to close the chasm.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: