TotalEnergies Executes First WAF Crude Trade on Argus Open Markets
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London – September 28, 2026 -- TotalEnergies has accepted an offer for a 950,000-barrel Nigerian Qua Iboe crude cargo at a premium of $4.10 per barrel to Dated Brent, marking the first west African (WAF) crude transaction executed on the Argus Open Markets (AOM) platform. The deal carries an estimated value of more than $115mn.
First WAF crude deal completes on Argus screen-based platform
The transaction originated on the WAF crude AOM stack, a venue operated by price-reporting agency Argus Media that lets registered participants post bids and offers and initiate trades within a visible, auditable framework. The trade builds on rising participation from producers, traders and refiners who have used the platform to test liquidity and show value ahead of this first completed deal.