W. Africa Crude-IOC mops up some cargoes

Published 05/03/2020, 19:28
Updated 05/03/2020, 19:36
© Reuters.  W. Africa Crude-IOC mops up some cargoes

LONDON, March 5 (Reuters) - A spot cargo of Angolan traded

on Thursday while more crude cleared in a Indian tender.

* Angola's state oil firm, Sonangol, sold its cargo of

Girassol after offering it at dated Brent plus $2.70. The firm

was still offering a cargo of Cabinda loading April 23 at dated

Brent plus $3.20.

* South Africa's Sasol awarded its latest buy tender to

Total for end-April arrival crude but grade details did not

immediately emerge.

* India's IOC awarded a buy tender for cargoes loading May

1-10 to Chevron, Vitol and Total. The total volume was around 5

million barrels but grade details did not immediately emerge.

RELATED NEWS

* OPEC agreed on Thursday to cut oil output by an extra 1.5

million barrels per day in the second quarter to support prices

that have been hit by the coronavirus outbreak, but made its

action conditional on Russia and others joining in.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2024 - Fusion Media Limited. All Rights Reserved.