W. Africa Crude-Nigeria slightly raises May exports of main grades

Published 23/03/2021, 20:20
© Reuters.

LONDON, March 23 (Reuters) - Nigeria slightly raised its
planned exports of several main grades for May compared with
April, while demand for West African crude remained muted.

* A notable drop in export volumes for the main Bonny Light
stream was made up for by more oil exports planned from the
Bonga and Forcados streams. O/LOAD
* Traders said slight decreases made to official selling
prices for April, published by Nigeria's NNPC on Monday, did not
adequately reflect a strong slump in demand.
* Traders said April-loading Angolan cargoes had yet to sell
out, with around three cargoes still available for sale.
* India's MRPL bought a cargo of heavy sweet Brazilian Tupi
crude, offers of which have soared in recent weeks, in a sign of
further inroads into the Indian market of non-West African
grades.
* Uruguay's Ancap issued a tender for one cargo of
May-arriving crude for which West African grades are eligible,
set to close on Wednesday.
* Taiwan's CPC closed its buy tender for June-arriving sweet
crude, though results did not immediately emerge.



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