LONDON, April 4 – More offers for Nigerian crude surfaced but trade remained slow, including for Angolan crude, owing to refinery maintenance and a temporary glut of crude off China.
Thank you for reading this post, don't forget to subscribe!* A handful of April loading Nigerian cargoes remained.
* Shell was offering May loading cargoes including Nigerian Amenam at dated Brent plus 90 cents a barrel, Agbami at dated Brent plus 60 cents a barrel and Erha at dated Brent plus $1.90.
* May loading cargoes of Nigerian Qua Iboe were being offered at dated Brent plus $1.70-1.80 a barrel, higher than April cargoes, while Nigerian Forcados was being shown at dated Brent plus $1.80-1.90 a barrel.
* Angola’s state oil firm Sonangol continued to offer three Dalia cargoes at dated Brent minus 90 cent a barrel, Sangos at dated Brent minus 40 cents and Saturno at dated Brent minus 75 cents.
* Indian state oil refinery IOC awarded its tender to Shell to take 2 million barrels, several traders said, but the grade details did not immediately emerge.
* Indonesia’s Pertamina was also running a tender to buy oil that closes this week.
RELATED NEWS
* OPEC oil output fell in March to an 11-month low due to declining Angolan exports, Libyan outages and a further slide in Venezuelan output, a Reuters survey found, sending compliance with a supply-cutting deal to another record. (Reporting by Julia Payne. Editing by Jane Merriman and Alexander Smith) ))
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