W. Africa Crude-Angolan cargo offers steady

An oil pump jack is seen at sunset in a field outside Scheibenhard, near Strasbourg, France, October 6, 2017. REUTERS/Christian Hartmann

LONDON, Jan 2 (Reuters) – Angolan crude was offered at stable levels on Tuesday amid relatively ample supply, while a number of pending buy tenders were in focus.

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* State oil company Sonangol is offering Olombendo at dated Brent plus 80 cents, Dalia at dated minus 30 cents, Saturno at dated minus 40 cents and Hungo at dated plus 10 cents. These offers were stable from last Thursday’s offers.

* The number of cargoes being sold by Sonangol is higher than in recent months.

* Activity appeared to be limited.

* The last offer level heard for Qua Iboe was dated Brent plus $1.90.

* Indian refiner BPCL has a tender to buy West African crude for loading Feb. 1-10. It closes on Jan. 4. The company is also running a tender to buy March-loading U.S. crude.

* A tender from Indonesia’s Pertamina to buy early to mid-March delivery West African crude closes on Jan. 3. (Reporting by Alex Lawler, editing by David Evans) ))

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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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