W. Africa Crude-Pertamina issues buy tender

LONDON, Feb 28 (Reuters) - Chinese buying had yet to kick in for April-loading Angolan crude grades while a buy tender from Indonesia's Pertamina could help mop up a large overhang of Nigerian cargoes.

* Pertamina issued a buy tender for May-arriving crude set to close on Wednesday.
* Angola's state oil firm Sonangol last offered three spot cargoes loading in April: Girassol at dated Brent plus $3.20, Cabinda at dated Brent plus $3.00, and Dalia at dated Brent plus 20 cents a barrel.
* Taiwan's CPC closed a buy tender for May-arriving crude, opting for U.S. WTI Midland over West African grades.
* Around 20 March-loading cargoes of Nigerian crude remained unsold, traders said.

RELATED NEWS
* OPEC oil output rose in February led by a further recovery in Nigerian supply, a Reuters survey found on Tuesday, despite strong adherence by top producers to an agreement by the wider OPEC+ alliance to cut production to support the market.

* Oilfield firm Baker Hughes Co said on Tuesday it has been awarded a contract to supply subsea equipment and services to Angola-based firm Azule Energy for work in the Agogo oilfield. (Reporting by Noah Browning; Editing by David Gregorio)

W Africa Asia crude exports, monthly New African oilfields speed guide crude speed guide
NYMEX crude ICE crude North Sea crude oil oil products derivatives European products Latest ICE Latest NYMEX ))))

Reuters

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

off-the-wire

W. Africa Crude-Pertamina issues buy tender

By Reuters

Reuters

Reuters

Gold is never going back to $2,000: 'That's history,' prices to 3x from here – Peter Schiff

‘Biggest economic shift since Nixon’: Major U.S. monetary policy changes coming in 12-36 months – Jack Mallers

India joins South Africa in denying BRICS currency plans after Trump’s 100% tariff threat

Solid price gains for gold, silver after busy news weekend

Bitcoin remains a ‘speculative vehicle’ and ‘won’t work’ as a reserve: ‘I prefer gold’ – Ray Dalio