LONDON, Jan 12 (Reuters) - Sales remained slow and few
cargoes traded with refining margins still squeezed.
* Traders expected the Qua Iboe export terminal to resume
production this week, though such expectations earlier this
month proved overoptimistic and Exxon XOM.N said the force
majeure declared almost a month ago remains in place.
* Sonangol had yet to sell its three spot cargoes, with
Asian demand elusive because of poor refining margins.
* A cargo of Angolan Djeno was being offered at a little
lower than dated Brent plus 50 cents.
* In Nigeria, the FPSO Abigail Joseph started loading its
first crude cargo this week. The FPSO is at the Anyala West
field, a joint venture between NNPC and First E&P.
* Nigerian crude was selling more rapidly, especially to
Asian buyers, with offers of Forcados at around dated Brent plus
$1.50.
* Traders expected coronavirus mobility restrictions to keep
sale prices of light sweet grades lower than current offer
levels, with Bonny Light expected to trade below dated Brent
plus $1.
* Along with a cargo of Nigerian Akpo, India's IOC awarded
a tender for crude loading in late February to Western Canada
Select (WCS).
* Pertamina closed another two buy tenders for crude for
late February and early March arrival, but results were slow to
emerge.
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started in May 2020, tanker tracker Petro-Logistics said on
Tuesday.
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faced a pay cut in 2020, a worldwide survey showed on Tuesday,
as the coronavirus crisis drove down fuel demand and prices.