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West Africa Crude-Angolan cargo deferred, Pertamina tender awarded

Published July 10, 2019 Updated July 10, 2019 07:05pm
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By Fawad MaqsoodReuters
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LONDON: West African spot trade was muted on Wednesday but differentials were still supported by a spike in gasoline margins in Asia, traders said, boosting light grades.

About 10 cargoes of August loading Angolan crude were still available, including two Gindungo, two Pazflor, a cargo each of Girassol, Cabinda and Mostarda. Nemba was said to be sold out.

State firm Sonangol's cargo of Saturno has been deferred to September, several traders said.

India's IOC issued a tender to buy crude for Sept. 16-25 loading, which closes on Thursday.

Indonesia's Pertamina awarded its crude tender for Aug. 1-8 loading to Vitol, two traders said, but further details did not emerge.

Copyright Reuters, 2019

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