Petronas Company announced that it has signed an agreement with Shenergy Group Company to send three carbon neutral liquefied natural gas (LNG) cargoes from Petronas LNG complex, located in Bintulu, to China.

China’s Crude oil imports jumped 25% during July for a year ago as a result of a huge amount of purchases made in April after oil prices drop as well as clearing customs of some cargoes which delayed at ports in June.

The four shipments are offered through two separate tenders that will close on April 9.

Egypt is preparing to launch a tender for purchasing cargoes of liquefied natural gas in the second quarter of 2018, to be received during the third quarter of 2018.

The Egyptian Natural Gas Holding Company (EGAS) secured receiving five LNG cargoes during the second quarter of 2018.

Angola's state-run Sonangol has reduced its May exports by taking two cargoes out of circulation.

Tarek El Molla said that Egypt had received two cargoes of diesel fuel from Saudi Aramco.

Angolan crude cargoes were steadily finding buyers while delays in the loading of Nigerian crude Qua Iboe were weighing on differentials.

Angola will increase its April crude oil exports to 1.691mb/d, according to its provisional loading plan.

Angola's crude oil exports are expected to fall to 1.51mb/d in March, a loading program showed mid-January. The total monthly volume is actually higher than February at 46.9m barrels.