W. Africa Crude-Muted trade as tender results awaited

Published 05/08/2020, 16:50
Updated 05/08/2020, 16:54
© Reuters.

LONDON, Aug 5 (Reuters) - After a flurry of sales at the end
of last week and earlier this week, spot activity slowed on
Wednesday as traders waited to see how much of the Nigerian
overhang two tenders would mop up.

* State company Sonangol has sold three out of its four spot
cargoes in September. It was still offering Cabinda at dated
Brent plus $1.20.
* Uruguay's ANCAP closed a buy tender for crude for Oct. 3-7
delivery but the winner's details did not immediately emerge.
* India's IOC issued a buy tender for cargoes loading Oct.
1-10. The tender closes on Aug. 6.

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