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W. Africa Crude-Indonesia's Pertamina issues rare swap tender

Published 05/11/2020, 17:55
Updated 05/11/2020, 18:00
© Reuters.

LONDON, Nov 5 (Reuters) - West African Crude trade was quiet
on Thursday as European refiners put a hold on new purchases as
they weigh the impact of new lockdowns and price reactions to
the outcome of the U.S. presidential election.

* Around 10 cargoes of Angolan crude were still available.
Chevron recently sold a cargo of Angolan Nemba to Repsol,
traders said.
* Indonesia's Pertamina issued a rare tender to swap crude.
The state firm is seeking Nigerian crude, among a longer list
that includes Asian grades, for Jan. 14-24 delivery in exchange
for its own Banyu Urip crude. The tender closes Nov. 9 and
remains valid until Nov. 11.

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December official selling price (OSP) to Europe from Ras Tanura
and the Mediterranean, according to a document seen by Reuters
on Thursday. * Spanish wind energy group Iberdrola IBE.MC plans to
invest 75 billion euros ($88 billion) in its renewable energy
production, grids and retail operations by 2025 to capitalise on
growing global demand for clean power, it said on Thursday.

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