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W. Africa Crude-China provides a dim light as refiners shut

Published 27/03/2020, 19:05
© Reuters.

LONDON, March 27 (Reuters) - Some crude traded on a spot
basis to China on Friday while the demand outlook in Europe and
India, a key buyer of Nigerian crude, looked dismal as the first
refinery shut downs were announced.

* Tullow sold a cargo of Gabon's Oguendjo Blend to Chemchina
loading May 20-21, several traders said.
* Italy's API said it would close operations temporarily at
its Ancona refinery, which has capacity of 85,000 barrels per
day (bpd). * In India, top refiners Indian Oil Corp IOC.NS and
Mangalore Refinery and Petrochemicals MRPL.NS declared force
majeure, with MRPL in the process of shutting down its entire
plant. * Sonangol was still offering several spot cargoes: Cabinda
at dated Brent plus 50 cents, CLOV at dated Brent plus $1.20,
two cargoes of Dalia at dated Brent minus 40 cents and Girassol
at dated Brent plus $1.50.

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