W. Africa Crude-Nigerian OSPs, programmes awaited amid muted trading

Published 21/12/2020, 17:35
© Reuters.

LONDON, Dec 21 (Reuters) - Official selling prices and
February export programmes for several key Nigerian grades were
expected imminently, while trading of West African crude
remained slow amid a holiday sales slowdown.

* Traders expected more programmes for February-loading
Nigerian crude to emerge this week, as export plans for several
key grades including Qua Iboe and Bonny Light had yet to emerge.
* Several cargoes of light, sweet Nigerian crude for loading
in December and January had yet to sell, traders added, with
offers for Bonny Light and Qua Iboe below dated Brent 50 cents.
* India's IOC had by the end of last week awarded buy
tenders to Chevron and Shell, among others, for four cargoes of
Nigerian crude arriving in February.
* Uruguay's ANCAP awarded a buy tender in part to ENI for a
cargo of Angolan Nemba late last week.
* Indonesia's Pertamina was running another buy tender for
loading in February or March, set to close on Monday. Results
did not immediately emerge.
* Angola's state oil firm Sonangol kept offers steady for
the two February spot cargoes it is offering: Girassol at around
dated Brent plus $2.50 a barrel and Dalia at dated Brent plus
$2.00.

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