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W. Africa Crude-Spot trade returns, Pertamina tender result awaited

Discover Thomson ReutersFinancialGovernment SolutionsLegalReuters News AgencyRisk Management SolutionsTax & AccountingBlog: Answers OnInnovation @ Thomson ReutersDirectory of sitesLoginContactSupport#Angola NewsDecember 7, 2017 / 5:03 PM / in 28 minutesW. Africa Crude-Spot trade returns, Pertamina tender result awaited

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LONDON, Dec 7 (Reuters) – Some spot activity returned to the market on Thursday mopping up a few more January loading cargoes while India’s IOC ended up taking four cargoes of West African crude in its latest tender.


* About 10 cargoes of January-loading crude are still available, traders said.

* Angola’s Sonangol was offering Dalia at dated Brent minus 30 cents and Pazflor at dated minus 20 cents, unchanged from Tuesday.

* Sonangol sold a cargo of Olombendo to Phillips 66 this week, a trader said.

* Statoil bought a cargo of Kissanje from Eni but this could not immediately be confirmed.


* About 30 cargoes were left from the January programme.

* Phillips 66 bought a cargo of Forcados from Sahara loading Jan. 15-16 but this could not immediately be confirmed. Forcados was previously being shown at about dated Brent plus $1.40-$1.50 a barrel.


* In its latest tender for early February loading, Indian refiner Indian Oil Corp. took a cargo of Kissanje from Statoil, Agbami from Chevron, Amenam from Total and Escravos from Trafigura, traders said.

* Indonesia’s Pertamina reissued a buy tender for February and March cargoes that closes on Friday.

* India’s BPCL issued a large tender for a wide variety of grades from different regions that closes on Dec. 12.

* Uruguay’s Ancap is running a tender to buy West African oil for February delivery that closes this week. (Reporting by Julia Payne; Editing by Edmund Blair) ))

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