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African oil market faces new challenges, opportunities in lower crude price environment

With Andrew Bonnington, Eklavya Gupte and Francesco Di Salvo

July 23, 2015 06:00:48 EST (14:07)

With oil prices lingering between $56-57 a barrel, Africa, a major producer and exporter of largely sweet crude oil, is facing multiple issues. In a post-US shale boom world of shifting trade flows, Andrew Bonnington, Eklavya Gupte, and Francesco Di Salvo, look at how Nigerian and Angolan crude is finding new homes in India, across Europe, and even Venezuela, and highlight how downward price pressure is affecting differentials for the key Bonny Light and Qua Iboe grades. They also show how, conversely, in a region with growing demand for refined oil products, opportunities also abound for US and European exporters, with 2015 proving to be a game-changing year for the gasoline market.

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Platts Lagos Oil Forum
August 27 | Lagos, Nigeria

Platts Lagos Oil Forum
Platts Lagos Oil Forum

Join our senior editors at Platts Lagos Oil Forum as they share their insights on key topics affecting the West African and global oil markets in the year ahead.

Exploring in detail the issues facing the region, Platts Lagos Oil Forum also provides the perfect opportunity to ask our editors about Platts oil price discovery methodologies and benchmarks.

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