LONDON: July dealing kicked off for Angolan barrels relatively actively, with price levels steady from June or slightly lower, traders said on Thursday.
Deals for Nigerian barrels were thin. The June market was seen generally closed by most buyers, with Chinese demand for overall West African crude falling to the lowest since February 2009.
ANGOLA
* China's Unipec will take 4 July loading cargoes. They are 14-15 Girassol, 17-18 Hungo, 13-14 Kissanje and 11-12 Mondo.
* Dalia was offered around dated BFOE minus $3.70 a barrel and about 4 cargoes have been sold. June cargoes were sold around minus $4.
* Late July loading Girassol was sold to the Far East.
* Cabinda was around dated minus 70/80 cents a barrel.
NIGERIA
* The market was dominated by tenders from India for July barrels, while the July programmes had not yet emerge.
* Indian Oil Corp (IOC) has issued a new tender to buy sweet crude for July, having cancelled a similar tender, traders said on Thursday.
* Price and grade offers should be submitted on Tuesday and Wednesday, respectively. They remain valid until Thursday, traders said.
* Bharat Petroleum Corp (BPCL) has issued a tender to buy up to 1 million barrels of crude for first-half July loading after a two-month gap, trade sources said on Thursday.
Crude offers were due by May 23 with price offers requested by May 24. Offers must remain valid until May 25.
Copyright Reuters, 2011
Comments
Comments are closed.