West African crude oil exports to Asia are likely to hit five-month high of 1.96m b/d in December over a robust 50% rise on month demand from India due to shortages on the domestic markets, traders and shipping fixtures, cited by Reuters, indicated.

In spite of the Indian bookings, West African countries are still seeking outlet for their remaining 20m barrels of crude.

Similarly, Chinese purchases of December-loading cargoes from Angola, Nigeria, the Congo, and elsewhere edged higher. The so-called “teapot” refineries, which had received licenses for crude oil imports, and oil product exports earlier this year, increased the demand.