W. Africa Crude-Angolan diffs under pressure

LONDON, Oct 13 (Reuters) – Angolan crude differentials edged lower after a deal on Friday, with weaker Asian demand, while Nigerian cargoes moved in tenders.

ANGOLA

* ExxonMobil sold a cargo of Girassol to Unipec loading end-November. Exxon had been offering the cargo at dated Brent plus 80 cents but the deal was said to have been done a bit lower. Further details could not be confirmed.

* Exxon was still offering a cargo of Pazflor at dated Brent flat.

* BP was offering a cargo of Dalia at around dated Brent flat.

NIGERIA

* Spot trade was limited with cargoes clearing via Indian tenders.

* There was no fresh update on a Bonny Light export plan for November or when force majeure might be lifted.

TENDERS

* Indian Oil Corp. awarded its latest tender for December loading crude to Total for Agbami and Girassol and to Vitol for Usan and Erha.

* Another Indian refiner, BPCL, is running a tender to buy prompt West African crude closing next week and a third, MRPL, had a tender for crude loading in the second half of November that closed, but details did not emerge.

* A tender from Indonesia’s Pertamina for December-delivery crude closed, but winner details had not emerged. (Reporting by Julia Payne; Editing by Mark Potter) ))

Source
Reuters: Nigeria News




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