LONDON, April 19 (Reuters) – Traders waited to see whether a series of Asian tenders would help alleviate a glut of West African barrels as differentials were steady amid refinery maintenance season and slow sales.
* Traders awaited results of a buy tender from Indonesia’s Pertamina which closed on Friday.
* Taiwan’s CPC and Thailand’s PTT are set to issue new buy tenders this week for July-delivery crude.
* The tenders could absorb a large glut of Nigerian crude.
* India’s IOC purchased at least 5 million barrels of June-loading Nigerian crude in its tender closing on Friday.
* Angola will export at least 36 cargoes in June, with revisions to the provisional programme still expected to add at least a couple more cargoes.
* Up to 10 May loading cargoes of Angolan crude were still available for sale, in an especially slow trading cycle.
RELATED NEWS
* China boosted the flow of crude oil into storage tanks in March as strong imports and domestic output exceeded an increase in the volume of fuel being processed by refiners.
* Russia’s Rosneft issued a spot tender to sell 90,000 tonnes of CPC Blend crude oil loading from Black Sea’s Yuzhnaya Ozereyevka terminal on May 25-26 in a spot tender, two traders familiar with the tender told Reuters. (Reporting by Noah Browning; Editing by David Gregorio) ))
(c) Copyright Thomson Reuters 2021. Click For Restrictions – https://agency.reuters.com/en/copyright.html
