W. Africa Crude-Spot quiet amid flurry of tenders

Published 18/11/2020, 17:35
© Reuters.

LONDON, Nov 18 (Reuters) - The spot market was quiet on
Wednesday, as sellers waited to see the results of several
tenders in Asia before issuing fresh offers.

* Adding to the slow pace, cargo nominations for Angola's
January loading schedule had not yet emerged after the programme
came out early in the week.
* India's IOC closed tenders seeking west African crude for
end-December to January loading. The winners have not yet been
announced.
* Taiwan's CPC closed a tender for sweet crude for January
loading but details of the winner did not immediately emerge.
* Around 25 cargoes of Nigerian crude are still available
from the December programme.

RELATED NEWS
* China's commercial oil stockpiling sector, which emerged
as a key swing buyer of crude as prices plunged earlier this
year, is setting plans to grow again in 2021, supporting a
further boost in imports. * Oil shipment data tracked by Refinitiv shows China is on
course to import 339.5 million barrels of crude oil in November,
which would mark a new record.
* Oil companies have asked security services to tighten
surveillance as violent anti-police brutality protests and the
expected sacking of hundreds of workers worsen desperation in
the region, industry sources told Reuters.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2024 - Fusion Media Limited. All Rights Reserved.