11 Jan 2022 | 08:52 UTC

ADNOC announces Feb LPG term acceptances without cuts, but with minor delays

Highlights

One lifter heard got one-two day delay to nomination dates

Saudi Aramco to announce acceptances for Feb loading early next week

Abu Dhabi National Oil Co., or ADNOC, announced acceptances of February-loading term LPG cargoes with most lifters getting nominated dates without cuts or advanced dates, though at least one trader said they received one-two day delays to their nomination date, trade sources said Jan. 11.

ADNOC's acceptances for January LPG term cargoes were previously announced without cuts or delays but with some advanced dates, trade sources said in December 2021.

Qatar Energy had earlier announced acceptances of February-loading term cargo nominations without cuts, delays or advanced dates

Saudi Aramco is expected to announce its acceptances for February-loading term LPG cargoes early in the week of Jan. 17.

OPEC and its allies had agreed at the Jan. 4 meeting to continue an uptrend of monthly output increases by increasing production by 400,000 b/d in February, S&P Global Platts reported earlier.

Editor:

Adithya Ram