close

policy

We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Agree
Disagree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Gender
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

 
 
Latest News

Asia Crude-Kenya buys Murban from Total, Shell; lower

Traders Addax and Gulf Energy might ship the cargoes.

0

July 23, 2010 1:27 by



Kenya bought two 600,000-barrel cargoes of Abu Dhabi Murban crude for September arrival in its monthly tender at weaker differentials than last month, traders said on Friday.

European majors Shell and Total sold the cargoes at a premium of around 83 and 53 cents a barrel to ADNOC on a cost and freight basis (C&F), traders said, but it was not clear which company sold at what price.

Traders Addax and Gulf Energy would ship the cargoes, a trader said, although this could not be confirmed.

The prices compare with a premium of around 87 cents to ADNOC, also on a C&F basis, at which Kenya bought two cargoes last month. An equivalent fair value for Murban on a free on board basis would be around an 18 cent discount to the OSP, some traders said.

Middle East crude grades for September have been selling at lower prices than for August because of abundant supplies and relatively weak demand from refiners.

Kenya’s only refinery, the 60,000 barrels per day Mombasa plant, supplies refined products to Kenya and neighbouring countries.

(Reporting by Alejandro Barbajosa; Editing by Himani Sarkar)



0

Tags: ,

Leave a Comment