Thursday, June 28, 2012

Buyer beware of $10 mln discounts on Nigerian oil

GENEVA (Reuters) - Little-known firms claiming to have privileged access to prized sweet crude oil from Nigeria are offering to sell it at such deep discounts that traders say the deals are too good to be genuine. Documents seen by Reuters show spot cargoes of several hundred thousand barrels of crude can be picked up at discounts of up to $10 million. But the documents are suspiciously flawed ...

Source: http://news.yahoo.com/buyer-beware-10-mln-discounts-nigerian-oil-130409399--finance.html

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