20 million barrels of April-loading crude remains unsold from West Africa.

News reports by BloombergQuint and Vanguard confirm 20 million barrels of crude April-loading is unsold from West Africa.

News reports by BloombergQuint and Vanguard confirm 20 million barrels of crude April-loading is unsold from West Africa.The news reports highlight that the low crude demand is caused by the COVID-19 pandemic and fight between oil producers. This has resulted in lower crude oil offers and unsold cargoes lingering from the region of West Africa. Some active traders have confirmed that 20 million barrels for sale in April remain unsold because traditional buyers have stopped purchasing.

Reference links

BloombergQuint

supports

Vanguard News

supports

World Health Organization

neutral

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