En Español



Very usefull links



PW
Bookstore





News links

AP

AFP

Aljazeera

Dow Jones

Oil price

Reuters

Bloomberg

Views and News
from
Norway

 

 

 

 

Nigeria and Angola crude-trade quiet as market focuses on tenders

 

 

LONDON
Petroleumworld.com 03 02 2017

Various Nigerian grades were on offer but demand was lacklustre, traders said, with the market mainly focusing on a last minute tender from India's IOC that was not awarded and another from Indonesia's Pertamina.

NIGERIA

* Vitol was still offering cargoes of Qua Iboe out of storage, traders said, at dated Brent plus $2.00 on a delivered basis. On a free-on-board basis, Qua Iboe was pegged at just above dated Brent plus $1 a barrel with Bonny Light around there as well.

* Several cargoes of Escravos were on offer at around dated Brent plus $1 a barrel. Sahara was one of the sellers.

* Agbami was shown earlier this week at dated Brent plus 30 cents but trade values were pegged lower. Amenam was offered at around dated Brent plus 60 cents a barrel.

ANGOLA

* Roughly 20 cargoes were still available from the April programme.

* Total was offering a cargo of Girassol on a delivered basis, the last available April cargo.

* Unipec was still offering a number of cargoes: Dalia at dated Brent flat, Saturno at dated Brent minus 50 cents a barrel and Plutonio at dated Brent plus 20 cents a barrel.

* A cargo of Equatorial Guinean Zafiro was being offered at dated Brent plus 40 cents a barrel.

TENDERS

* Traders said Total won BPCL's tender with Nigerian Agbami and Bonny Light but this could not be confirmed.

* A buy tender from Indonesia's Pertamina for mid-May delivery is due to close on Thursday.

RELATED NEWS

* China's loadings of West African crude oil are set to rise to a new record in March as the nation stocks up on medium and heavy oil in the midst of OPEC production cuts, according to a Reuters survey of shipping fixtures and oil traders on Wednesday.



Reporting by Julia Payne. Editing by Jane Merriman from Reuters.

We invite all our readers to share with us
their views and comments about this article
.


Write to editor@petroleumworld.com


By using this link, you agree to allow PW
to publish your comments on our letters page.

Any question or suggestions,
please write to: editor@petroleumworld.com

Best Viewed with IE 5.01+ Windows NT 4.0, '95,
'98,ME,XP, Vista, Windows 7,8,10 +/ 800x600 pixels

 

 

 

 

 

 

 

TOP

Contact: editor@petroleumworld.com,

Editor & Publisher:P.Ohep F. /Producer - Publisher:P.Ohep F./
Contact Email: editor@petroleumworld.com

CopyRight © 1999-2016, Paul Ohep F. - All Rights Reserved. Legal Information

PW in Top 100 Energy Sites

CopyRight©1999-2016, Petroleumworld   / Elio Ohep Fitzgerald- All rights reservedThis site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.