W. Africa Crude-Cargoes clear, IOC tender result awaited

Published 06/11/2019, 17:27
Updated 06/11/2019, 17:36
© Reuters.
TTEF
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LONDON, Nov 6 (Reuters) - Traders said Nigerian cargoes were

clearing fairly swiftly on Wednesday though the closing of an

Indian tender put the brakes on fresh offers.

* Nigerian Escravos was largely sold out with one lingering

cargo loading Dec. 26-27. Offer levels had been around dated

Brent plus $3.50.

* Exxon Mobil was offering a cargo of Nigerian Usan at dated

Brent plus $1.00.

* Bonny Light and Qua Iboe were being shown in high plus

$2.00s over dated Brent.

* Angola's state firm Sonangol sold its 750,000-barrel cargo

of Gimboa to an Asian buyer after offering it around dated Brent

plus $2.00.

* Total was offering at least four December loading cargoes

- CLOV at dated Brent plus $2.90, Mostarda at plus 90 cents,

Girassol at plus $3.10 and Pazflor at plus $2.30, traders said.

* Around 15 Angolan cargoes remain from the December

programme.

TENDERS

* Indian Oil Corp is running a buy tender closing Nov. 7 for

West African crude loading Jan. 1-10.

RELATED NEWS

* Total TOTF.PA is seeking to sell its 12.5% stake in a

major deepwater oilfield off the coast of Nigeria, industry and

banking sources said, in an effort to adjust the energy

company's Africa portfolio amid a broad expansion. * Nigeria's President Muhammadu Buhari signed a bill into

law on Monday that amends legislation on agreements related to

offshore oil production, according to the president's Twitter

account.

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