W. Africa Crude-Uruguay's Ancap seeks crude, Angolan yet to sell out

Kitco Media
By Reuters
Published:
Updated:
Reuters
LONDON, Feb 15 (Reuters) - Uruguay's Ancap circulated a new buy tender, while March loading cargoes of Angolan crude had yet to sell out ahead of new export plans expected imminently.
* At least three March-loading Angolan cargoes remained unsold by Wednesday, traders said.
* Swift purchases earlier in the trading cycle were led by China, which after largely fulfilling its monthly requirements has held off on more, leaving some volume still searching for a buyer.
* Uruguay's Ancap issued a new buy tender for mid-April delivery due to close this week.
* Offers for Nigerian crude appeared to be cooling slightly amid less European and South Asian demand, with light sweet Qua Iboe crude last offered at dated Brent plus $4.50.
* While Indian tenders have become less frequent, Indonesia's Pertamina has kept up the usual pace of tendering. RELATED NEWS
* China will make up nearly half of this year's oil demand growth after it relaxed its COVID-19 curbs, the International Energy Agency (IEA) said on Wednesday, but restrained OPEC+ production could mean a supply deficit in the second half.
* China's top refiners PetroChina and Sinopec are resuming purchases of discounted Russian crude after a brief pause in late 2022, just before the European Union embargo on Russian oil started, industry sources said. (Reporting by Noah Browning; Editing by Sharon Singleton)


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