W. Africa Crude-Southeast Asian interest flickers for Nigerian light sweet oil

Published 30/08/2019, 16:20
© Reuters.  W. Africa Crude-Southeast Asian interest flickers for Nigerian light sweet oil
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LONDON, Aug 30 (Reuters) - Purchases of two cargoes of

Nigerian oil cargoes by Vietnam and Thailand this month may

signal an uptick in demand from a region where interest in

Nigerian crude has been dominated by India and Indonesia.

* Vietnam's Binh Son Refining and Petrochemical BSR.HNO has

bought 1 million barrels of Bonny Light crude in its first-ever

import of Nigerian crude, traders said. * Thailand's IRPC refinery was also heard to have bought a

cargo of light sweet Agbami crude, in the first scheduled

Nigerian export there since April.

* Around 15 or slightly fewer Nigerian cargoes remained for

export in September.

* A cargo of Ghanaian Jubilee crude was heard to have sold

at a premium of $2.50 compared to dated Brent, but other details

did not immediately emerge.

* The first loading programme for the giant Equinor-operated

Johan Sverdrup oil field in Norway will average around 226,000

in October, likely dealing another blow to demand for comparable

Nigerian oil. * Trading for Angolan cargoes remained slow as buyers

awaited discounts on relatively high offers but tenders from

Chinese "teapot" refiners offered some hope.

TENDERS

* Indonesia's Pertamina issued a buy tender for November

delivery of West African crude cargoes. The tender was set to

close on Friday and remains valid until Sept. 3.

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