W. Africa Crude-Sellers breathe sigh of relief as India's IOC issues tenders

Published 13/05/2021, 17:24
© Reuters.

LONDON, May 13 (Reuters) - Spot activity was slim on
Thursday as sellers turned their attention to fresh demand from
India, where refiners have been cutting runs as the COVID-19
wave there has hit fuel demand.

* India's IOC issued two west African crude tenders for the
first time in about three weeks. The refiner is looking for
end-June and early July loading cargoes. The tenders close May
19.
* At least 25 cargoes of Nigerian crude were still available
in June.
* Uruguay's ANCAP closed two tenders for crude, but the
winner had not yet emerged for a mid-July cargo and an early
August cargo.

RELATED NEWS
* Colonial Pipeline paid nearly $5 million to Eastern
European hackers on Friday after a crippling cyberattack that
shut the largest fuel pipeline network in the United States,
Bloomberg News reported, citing two people familiar with the
transaction. * The U.S. government relaxed a long-standing maritime law
protecting domestic shipping commerce to allow an undisclosed
company to transport gasoline and diesel to ports in the East
Coast after a cyberattack crippled the nation's largest fuel
pipeline network.

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