LONDON, July 9 (Reuters) - West African spot trade was muted
on Tuesday but differentials were still said to be supported by
a spike in gasoline margins in Asia, which would boost light
grades in particular.
* Profits from producing gasoline have surged over 150% in
Asia since June due to output cuts and refinery maintenance,
industry sources said this week, but that may not last as a
flood of new supply is expected to hit markets. * About 10 to 12 cargoes of August loading Angolan crude
were still available.
* Nigerian Qua Iboe was pegged at just above dated Brent
plus $2.00 a barrel.
* India's IOC issued a tender to buy crude loading Sept.
16-25 closing on July 11.
* Indonesia's Pertamina closed a tender for crude loading
Aug. 1-8 on Friday but results did not immediately emerge.
RELATED NEWS
* Nigeria's National Assembly was on lockdown on Tuesday
afternoon after shots were fired outside during clashes between
police and a group of Shi'ite Muslim protesters, Reuters
witnesses said. * Russian oil production fell close to a three-year low in
early July, as output was undermined by a row between Russian
oil pipeline monopoly Transneft and the country's biggest
producer Rosneft. * Asian profits on refining Brent crude into petrol, known
as the gasoline crack, touched a 9-week high of $6.68 a barrel
on Monday, up from an average of below $3 in June.