LONDON, April 29 (Reuters) - Angola kept offers steady for
some of its June-loading crude despite competition with crude
grades from other regions and slow Chinese buying.
* State oil company Sonangol kept offers for its
June-loading cargoes of Olombendo and Gimboa at dated Brent plus
$1 and dated Brent minus 20 cents respectively, unchanged since
the start of the week.
* Traders said the offers would come down because
Mideast-priced crudes held a strong advantage over Brent-linked
ones from West Africa and Chinese purchases remain muted.
* Congo will export seven cargoes of Djeno crude in June,
though some cargoes for export in May have yet to sell and
purchase prices have sunk to as low as dated Brent minus $2.
* Tender activity for sweet West African crude has been more
subdued as Indian demand slips in the face of soaring COVID-19
cases, weighing on some grades.
* Offers for medium sweet Zafiro crude from Equatorial
Guinea slipped and were hovering at a little over dated Brent.
* Indonesia's Pertamina on Thursday closed a buy tender for
crude loading in early June or, alternatively, July. Results of
the tender did not emerge immediately.
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oil prices to report big increases in first-quarter earnings on
Thursday, putting the worst of the pandemic-driven slump in fuel
demand behind them. * The steep rise of COVID-19 infections in India will weigh
heavily on global demand for oil, leading to a sizeable glut,
said Norwegian energy consultancy Rystad.