LONDON, Feb 19 – Nigerian programmes for April loading had yet to emerge on Tuesday and were expected on Wednesday, traders said, as a moderate overhang of cargoes remained for March.
Thank you for reading this post, don't forget to subscribe!* Some 15 Nigerian cargoes remain from the March programme, which traders said was in line with some previous months.
* Nigerian differentials stayed steady at a premium of around $1.85 above dated Brent.
* No indications for April loading Angolan cargoes emerged, as traders awaited term allocations to be issued by state oil company Sonangol.
* Indonesia’s Pertamina has issued a buy tender for cargoes for end-April or May delivery. The tender closes this week.
* India’s HPCL has issued a buy tender for April-loading cargoes, set to close on Thursday, which traders said is for a West African grade.
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Reporting by Amanda Cooper and Noah Browning; editing by David Evans