W. Africa Crude-Muted trade ahead of November programme release


LONDON, Sept 15 (Reuters) – Trade was limited on Friday ahead of the release of November loading programmes next week though a few new tenders were issued.

* About eight Angolan October-loading cargoes were still available, one trader said, with no fresh deals or offers heard.

* The November loading programmes for Angola and Nigeria are due out by Monday.

* About 20 October-loading cargoes were still available from the Nigerian October programme with no fresh offers heard.

* Unipec sold a cargo of Nigerian Okwori loading at the end of October.


* Indian refiner BPCL was looking for West African grades in a tender that closed on Friday.

* India’s BPCL issued another tender with part 2 closing on Sept. 22 for a variety of November loading crude, including some west African grades.

* Thailand’s PTT issued a buy tender for one cargo of sweet crude arriving Nov. 15 to Dec. 10. It closes on Sept. 18 with validity until Sept. 19. (Reporting by Julia Payne; Editing by David Clarke and Susan Fenton)

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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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