LONDON: Oil prices slid on Tuesday as Saudi Arabia and Iran dashed hopes that producer nations would reach a deal to curb crude output during informal meetings in Algiers.
A helicopter crashed en route to a Chevron oil platform in Angola, killing at least four. Sources said there was not expected to be an impact on production or cargo loadings.
NIGERIA
Shell has not declared force majeure on Bonny Light crude loadings despite the closure of the Trans Niger Pipeline due to a fire. It has not yet issued revised loading programmes.
A cargo of end-October loading Akpo was set to sail for India after Shell won a mini tender to supply refiner IOC.
A November Akpo programme showed four cargoes set to load.
Qua Iboe loadings were expected to start this week, though the grade, along with Forcados, was still under force majeure.
The Ottoman Nobility, the South Sea and the Aspen Spirit suezmax tankers were all en route to the Qua Iboe terminal.
While some buyers were put off by the unpredictability of Qua loadings, India's HPCL has booked the Desh Vibhor to load Qua Iboe at the end of October.
ANGOLA
Several cargoes of Angolan oil traded, including Total selling cargoes of Girassol and Dalia, Sonangol selling Dalia and Chevron selling Cabinda.
A US buyer took BP's cargo of CLOV to an unnamed buyer, which sold a day earlier.
State oil company Sonangol was still offering three November-loading cargoes, including Saturno, Girassol and Nemba.
TENDERS
Shell won a tender to supply India's IOC with one million barrels of Akpo.
BPCL is expected by Wednesday to award a tender to buy crude for November loading. * Indonesia's Pertamina was also looking to buy crude oil via tender, traders said.
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