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W. Africa Crude-Tenders mop up Nigerian crude, Forcados offered in window

Fri, 26th Oct 2018 17:16

LONDON, Oct 26 (Reuters) - Tenders mopped up some Nigeriacrude for December but spot trade ended the week on a quietnote, with high freight rates still weighing on the market.

* In the window, Vitol offered a cargo of Forcados on adelivered basis at dated Brent plus $3.50 a barrel cif Rotterdamfor Dec. 25 to Jan. 5 arrival.

* Angola's state firm Sonangol sold its last spot cargoearlier this week. It had been offering Gimboa at dated Brentminus 10 cents, which was sold to an Asian refiner.

* Unipec was said to be re-offering cargoes of AngolanPazflor, Gindungo, Olombendo and Dalia.

TENDERS

* India's IOC was said to have awarded its tender to buy forDec. 21-31 loading to Vitol and Shell for grades includingAgbami, Akpo and Bonga.

* ANCAP awarded its December arrival tender to Total for acargo of Angolan Nemba.

* Indian HPCL awarded its three-month term tender for crudedelivering between December and March to BP, traders said.

RELATED NEWS

* French oil and gas major Total raised itsproduction growth target for 2018, after a new record output andhigh oil prices during the third quarter enabled it to reportits highest net income in a quarter since 2012.

* Chevron Corp has held talks to acquire PasadenaRefining System Inc (PRSI), a Texas oil refining unit ofBrazilian state-run oil firm Petroleo Brasileiro SA,three people familiar with the matter said this week.(Reporting By Julia Payne. Editing by Jane Merriman)))

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UPDATE 1-Shell restarting Louisiana refinery crude unit after repairs from Hurricane Ida -sources

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