W. Africa Crude-Bonny Light, Bonga schedules out, IOC issues new tenders


LONDON, Oct 22 (Reuters) – More Nigerian December loading
programmes emerged on Tuesday while an Indian refiner issued two
fresh tenders.

* Angola’s state oil firm Sonangol offered a cargo of
Pazflor and Gimboa at dated Brent plus $2.00 each and a cargo of
Mondo at dated Brent plus $1.20 a barrel for December loading.
* One or two Angolan cargoes remained from the November
* Nigeria’s Bonny Light and Bonga programmes emerged. Bonny
Light will load 9 cargoes and Bonga 3 in December.
* India’s IOC did not award last week’s tender and has
instead issued two new ones. IOC is seeking west African crude
for Dec. 10-19 and Dec. 14-23 loading. The tenders close Oct.
* India’s HPCL closed a buy tender for three VLCCs of crude
loading in the first quarter of next year. Winner details have
yet to be announced.

* OPEC and its allies will consider whether to deepen cuts
to crude supply when they next meet in December due to worries
about weak demand growth in 2020, sources from the oil-producing
club said.

(Reporting by Julia Payne
Editing by Mark Heinrich)

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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