W. Africa Crude-Spot muted as tenders in focus

Published 11/11/2020, 18:19
Updated 11/11/2020, 18:24
© Reuters.

LONDON, Nov 11 (Reuters) - An Indian tender mopped up some
Nigerian crude on Wednesday while traders awaited the results of
several more this week.

* Less than five cargoes of December-loading Angolan crude
remained available.
* India's HPCL awarded a buy tender for West African or
Mediterranean crude loading Jan. 1-10 taking a VLCC of Qua Iboe
crude, traders said. One trader specified the winner was Total.
* Turkey's Tupras issued a buy tender for west African crude
along with Norway's Johan Sverdrup for Dec. 25 to Jan. 10
delivery. The tender closes on Nov. 12.
* India's IOC issued two new buy tenders, one for crude
loading in mid-December and another in mid-January, set to close
on Thursday.
* Indonesia's Pertamina cancelled a rare swap tender, for
which Nigerian grades are eligible, for Jan. 14-24 delivery in
exchange for its own Banyu Urip crude.

RELATED NEWS
* OPEC+ could extend the group's current oil production cuts
into 2021 or deepen them further if market conditions require,
Algeria's energy minister told an industry event on Wednesday.

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