West Africa Crude-Total awarded IOC tender with Suezmax

12 Jul, 2019

NIGERIA

* European gasoline cracks have benefitted from the shutdown at Philadelphia's main refinery, providing a boon for Nigerian.

* Although the Philadelphia Energy Refinery (PES) facility was a consistent buyer of West African and especially Nigerian crude, only one cargo bound for Philadelphia has been diverted since a fire partially shut down operations.

* The imports suggest Nigerian and other crude bound for PES may be diverted to nearby Philadelphia refineries, a boost to the Atlantic coast products market.

* Price offerings remained relatively high but were beginning to come off, with ENI offering a cargo of Brass River at a premium of $2.20 above dated Brent, down from last week.

* Data from the US Energy Information Administration on Friday showed the US had imported no Nigerian oil in its latest survey period, also importing none from Kuwait and Venezuela.

* Around 6 cargoes remain for July loading.

ANGOLA

* The preliminary September loading program is due at the beginning of next week.

* Traders said a days-long outage at the Saturno offshore field was due to maintenance.

* Angola's Sonangol had first offered a cargo of the grade for a August 29-30 loading after already delaying it once and will now offer it for September 2-3.

Copyright Reuters, 2019

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