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W. Africa Crude-IOC issues new tender, Angolan programme awaited

Fri, 15th Mar 2019 17:50


LONDON, March 15 (Reuters) - There was little spot or tender activity on Friday as traders waiting for May loading programmes faced a sizeable overhang from the previous month due to slowing demand on weakening diesel margins.

* About 30 April loading Nigerian cargoes were still available.

* Around 10 Angolan cargoes also remain from the April programme. The May programme is expected to emerge on Monday.

* India's IOC issued a fresh tender for crude loading May 7-16. The tender closes on March 20. IOC awarded its last tender for May 1-10 loading to Total but grade details could not be confirmed. It recently took Olombendo

RELATED NEWS

* The oil market will flip into a modest deficit from the second quarter of this year, with OPEC possessing a hefty supply cushion to prevent any price rally in case of possible supply disruptions, the International Energy Agency said on Friday.

(Reporting by Julia Payne Editing by Kirsten Donovan) ))



(c) Copyright Thomson Reuters 2019. Click For Restrictions - https://agency.reuters.com/en/copyright.html





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