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W. Africa Crude-Spot trade grinds to a halt

Published 14/02/2020, 17:50
© Reuters.  W. Africa Crude-Spot trade grinds to a halt

LONDON, Feb 14 (Reuters) - European refiners have yet to

step into the void left by Chinese buyers despite low freight

rates, with little movement of March cargoes.

* China's Unipec was still seeking buyers for a handful of

Angolan cargoes for March export as new programmes were set to

emerge early next week.

* Turkey's Tupras took two cargoes in its latest tender

including a Bonny Light from Total.

* Two Chinese independent refiners issued buy tenders but

details did not immediately surface.

* India's IOC awarded a buy tender for crude loading April

11-20. Total was said to be a winner but this could not be

confirmed.

* Indonesia's Pertamina closed a buy tender for crude

cargoes for May 1-3 delivery. Results are expected in the next

few days.

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executives say, as tax increases and regulatory uncertainty

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