W. Africa Crude-Offers down as tender results, programmes awaited

Published 15/04/2021, 16:56
© Reuters
RDSa
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LONDON, April 15 (Reuters) - Offers for West African crude
continued to slip on Thursday as traders awaited results of a
buy tender for India's IOC and Angolan export plans for June.

* Up to 10 Angolan crude cargoes loading in May remain
unsold, with the provisional export programme for July-loading
cargoes expected on Friday.
* Angolan Clov and Nemba were last offered for around minus
$1, Dalia for minus 50 cents and Cabinda at dated Brent flat.
* Cabinda differentials are at their lowest since about May
and traders said maintenance at regular outlets at Galp's
Matosinhos refinery in Portugal and Total's at Donges in France
was hurting sales of the grade.
* India's IOC closed two buy tenders for June loading on
Thursday, but results were slow to emerge after the firm bought
8 million barrels of Nigerian crude last week.
* A cargo of medium-light Jubilee crude from Ghana sold for
as low as dated Brent minus $1, down from recent a recent offer
of the grade for about minus 40 cents.

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* Royal Dutch Shell RDSa.L said on Thursday the majority
of its oil and gas reserves will be produced by 2050, playing
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