W. Africa Crude-Tenders in focus while trading is slow

Published 19/04/2021, 17:22
© Reuters.

LONDON, April 19 (Reuters) - Traders waited to see whether a
series of Asian tenders would help alleviate a glut of West
African barrels as differentials were steady amid refinery
maintenance season and slow sales.

* Traders awaited results of a buy tender from Indonesia's
Pertamina which closed on Friday.
* Taiwan's CPC and Thailand's PTT are set to issue new buy
tenders this week for July-delivery crude.
* The tenders could absorb a large glut of Nigerian crude.
* India's IOC purchased at least 5 million barrels of
June-loading Nigerian crude in its tender closing on Friday.
* Angola will export at least 36 cargoes in June, with
revisions to the provisional programme still expected to add at
least a couple more cargoes.
* Up to 10 May loading cargoes of Angolan crude were still
available for sale, in an especially slow trading cycle.

RELATED NEWS
* China boosted the flow of crude oil into storage tanks in
March as strong imports and domestic output exceeded an increase
in the volume of fuel being processed by refiners. * Russia's Rosneft issued a spot tender to sell 90,000
tonnes of CPC Blend crude oil loading from Black Sea's Yuzhnaya
Ozereyevka terminal on May 25-26 in a spot tender, two traders
familiar with the tender told Reuters.

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