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W. Africa Crude-IOC awards tender, spot trade muted

Published 04/07/2019, 18:05
Updated 04/07/2019, 18:10
© Reuters.  W. Africa Crude-IOC awards tender, spot trade muted
ENI
-

LONDON, July 4 (Reuters) - An Indian tender mopped up
several cargoes of west African crude on Thursday but spot
activity remained muted.

* Around 10-15 Nigerian cargoes were heard to remain for
July loading.
* Price offerings for August loading cargoes of major grades
Bonny Light and Qua Iboe were dated Brent plus $2.50-$2.60 a
barrel.
* India's IOC awarded its latest buy tender for west African
crude loading Sept. 1-10 to Total for 3 million barrels of oil
but grade details did not immediately emerge.
* Indonesia's Pertamina has issued a tender for crude
loading Aug. 1-8 set to close on Friday.

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suspected obstruction of justice by officials of oil group Eni
ENI.MI , sources said, threatening to open a new legal front
for the company as it defends itself in a major corruption
trial. * Nigerian state oil company NNPC said late on Wednesday it
had fully settled its debts to ExxonMobil's local subsidiary
with a payment of $833.57 million. * NNPC said the money to Mobil Producing Nigeria (MPN)
settled long-standing debts owed via "cash calls," or costs that
it is obligated to pay to joint-venture partners in oil and gas
exploration and production.

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