Home / Africa / W. Africa Crude-Nigerian overhang weighs, Angolan sales stutter | Energy and oil

W. Africa Crude-Nigerian overhang weighs, Angolan sales stutter | Energy and oil



LONDON, Sept. 28 (Reuters) – A few loads of Nigerian crude oil were cleared through tenders, but a hefty overhang of October cargoes remained on Friday amid the activity of the narrow-gauge.

* Approximately 15-20 loads of October loading Nigerian crude oil lagged while November cargoes were slow to sell on the spot market.

* The Angolan November program consists of a dozen loads.

* BP still offered Cabinda with a dated Brent plus $ 1.00 per barrel and Girassol with a dated Brent plus $ 1.45.

* Eni was murdering Palanca with Brent plus 90 cents per barrel.

SUBSCRIPTIONS

* Sasol from South Africa has awarded its tender for delivery in November to Mercuria for a shipment of Forcados.

* Uruguay's state-run oil company ANCAP issued its tender for the purchase of 1 million barrels of medium to light crude oil for delivery to Mercuria on 23-27 November. The figure would be Erha.

* It was not immediately clear who won Chevron's tender to supply its South African factory.

* Tupras from Turkey has launched a tender on Thursday for a delivery on 5 and 15 November in search of raw West African.

RELATED NEWS

* China's Sinopec Corp halved the cargo of crude oil from Iran this month as the state refiner is under severe pressure from Washington to comply with an American ban on Iranian oil from November onwards, according to people with knowledge of the matter.

Reporting by Julia Payne;
Edit by Emelia Sithole-Matarise

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