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W. Africa Crude-IOC issues tender, Pertamina results expected

Published 13/01/2021, 17:57
© Reuters.

LONDON, Jan 13 (Reuters) - Trading remained slow on
Wednesday as sellers worried that new Chinese coronavirus
restrictions and a looming refinery maintenance season could cut
into sales.

* The Qua Iboe export terminal resumed production this week,
traders said, though force majeure on exports had yet to be
lifted.
* Sales of light sweet crude continued to be pinched by
reduced mobility brought on by coronavirus lockdowns, with
Nigerian Bonny Light offered at below dated Brent $1.50.
* Indonesia's Pertamina closed a tender for April arriving
crude on Wednesday, but results did not immediately emerge.
* India's IOC issued two tenders for crude loading in the
beginning of March set to close on Friday.

RELATED NEWS
* Oil producers face an unprecedented challenge to balance
supply and demand as factors including the pace and response to
COVID-19 vaccines cloud the outlook, an official with the
International Energy Agency (IEA) said on Wednesday.
* U.S. crude oil stockpiles last week fell more than
expected, while gasoline and distillate inventories rose as
refiners ramped up output to its highest level since August, the
Energy Information Administration said on Wednesday.

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