W. Africa Crude-Higher fuel oil margin buoys Angolan, IOC takes Nigerian

Published 05/08/2019, 17:19
Updated 05/08/2019, 17:20
© Reuters.  W. Africa Crude-Higher fuel oil margin buoys Angolan, IOC takes Nigerian

LONDON, Aug 5 (Reuters) - Higher fuel oil margins and demand
from Chinese independent refiners helped to prop up Angolan
crude grades on Monday while some Nigerian cleared in an Indian
buy tender.

* Angola's Girassol was recently offered as high as dated
Brent plus $3.00 while Dalia was pegged at around dated Brent
plus $2.50.
* Around 15 cargoes of Nigerian crude remain from the August
loading programme. Bonny Light and Qua Iboe were said to be
trading below dated Brent plus $2.00.
* Mercuria still had an August loading Forcados available,
traders said.
* Indonesia's Pertamina awarded a tender for crude to be
delivered Oct. 1-5, Oct. 8-15 and Oct. 22-29 but there were no
details yet on who had won the tender.
* India's IOC awarded a buy tender to BP for a cargo of Qua
Iboe, traders said, expected to load Sept. 11-12.

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the cost of the Trump administration's tariffs on imported
steel, with analysts and traders calling it the first U.S.
energy pipeline operator to do so. * Britain on Monday joined the United States in a maritime
security mission in the Gulf to protect merchant vessels
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