UPDATE 1-W. Africa Crude-Spot trade slow in flat market structure

Published 02/12/2020, 17:16
Updated 02/12/2020, 17:18
© Reuters.

(Adds spot deal)
LONDON, Dec 2 (Reuters) - The spot market was moving slowly
on Wednesday as the flat structure in oil futures put the breaks
on buying.

* Around 20 Angolan cargoes for January were available along
with up to 15 December loading Nigerian ones.
* Unipec, the trading arm of China's Sinopec, bought a cargo
of Djeno loading Jan. 2-3 from Chevron. Unipec also bought a
cargo of Ghanaian Jubilee crude from Shell.
* India's IOC has several tenders closing at the end of this
week.
* India's IOC issued a prompt tender on Wednesday for a
January cargo, likely for co-load with a cargo of Angolan
Sangos.
* South Africa's Sasol issued a buy tender for crude for
early February arrival. Results were not yet available.
* Perenco and SNH were offering two cargoes of Cameroonian
Kole crude via a tender closing at the end of this week.

RELATED NEWS
* Angola's state oil giant Sonangol will next year
accelerate reforms and efforts to raise revenue after the
pandemic drained investor interest in an asset sale that has so
far netted only around $60 million, its CEO told Reuters in a
rare interview.

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