UPDATE 1-W. Africa Crude-Spot trade resumes, explosion hits Brass River

Published 24/11/2020, 18:37
© Reuters.
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(Adds detail on Bonny price)
LONDON, Nov 24 (Reuters) - The market was reinvigorated with
fresh offers on Tuesday, with Nigerian crude sellers showing
higher than expected prices as the temporary absence of some
Brass River crude helped boost the market.

ANGOLA
* BP was offering its January cargo of Plutonio, a cargo of
Clov at dated Brent plus $2.50, Kissanje at plus $2.25 and
Saturno at plus $1.60 to $2.45 a barrel, traders said.
* Total was offering Mostarda at dated Brent plus $1.35 a
barrel.

NIGERIA
* Usan was offered at dated Brent plus $1.20, Erha at plus
$1.50 and Bonny Light at the official selling price for January
plus 90 cents a barrel.
* Phillips 66 sold a cargo of Egina loading Jan. 18-19,
traders said. One trader said the deal was done close to dated
Brent plus $2.00 a barrel.
* Eni ENI.MI declared force majeure on exports of Nigerian
Brass River crude oil following pipeline explosions in Bayelsa
state, a source with direct knowledge of the matter said.
* India's IOC is running a buy tender for West African crude
loading Dec. 27 to Jan. 5. The tender closes on Nov. 26.
* IOC is running a second tender for Jan. 1-10 loading for a
wide range of crude grades, including West African grades. The
tender also closes on Nov. 26.

RELATED NEWS
* Angola hopes to get "breathing space" on its debt for the
next three years after negotiations with its main creditors, its
finance minister said on Tuesday. Angola owes more than $20
billion to a number of Chinese entities. * French oil major Total TOTF.PA said on Tuesday that
operations at its Donges refinery would be halted over the
coming months because the facility was losing money due to the
impact of the COVID-19 pandemic.

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