UPDATE 1-W. Africa Crude-IOC takes large volume in tenders

(Adds Sonangol deal)

LONDON, April 8 (Reuters) – Two Indian IOC tenders mopped up some cargoes on Thursday while the spot market remained subdued.

* India’s IOC awarded two tenders for west African crude loading in early June. Shell (LON:) won with four cargoes while Glencore (LON:) and Equinor won with two cargoes each, traders said.

* Equinor would supply end-May Agbami and Forcados loading May 23-24, while Glencore won with Gabonese Oguendjo and Nigerian Akpo, traders said. Details on Shell’s cargoes did not immediately emerge.

* Pertamina did not award a tender that closed earlier this week, and was expected to reissue a new one for May barrels.

* About 10 Angolan May-loading cargoes were available from equity holders.

* State firm Sonangol sold its last spot cargo, a Saturno, to China after offering it down to dated minus $1.80 a barrel.

* Eni was offering Cabinda at dated Brent plus 30 cents loading in late May.

* Chevron (NYSE:) was offering a cargo of Nemba at dated Brent minus 80 cents, CLOV was on offer at dated Brent plus $1.00 and Dalia at minus 10 cents.

RELATED NEWS

* Angolan state oil firm Sonangol has launched a tender for gasoline and diesel imports for one year starting July 1, the company said in a statement. A source familiar with the process added that the submission deadline for bids was April 14.



Source link

more recommended stories