W. Africa Crude-Pertamina takes on West African crude

Kitco Media
By Reuters
Published:
Updated:
Reuters
LONDON, March 8 (Reuters) - Indonesia's Pertamina lapped up West African crude in its latest tender and was seeking more, traders said on Wednesday.
* Indonesia's Pertamina took on three cargoes of West African crude in a tender which closed last week: Gabonese Rabi, Nigerian Erha and Angolan Cabinda.
* Pertamina was also running a buy tender valid until Friday for May arrival cargoes.


* India's HPCL closed a buy tender for May-arriving crude on Wednesday, but results did no immediately emerge.
* Angola's state oil company Sonangol last offered April loading Cabinda at dated Brent plus $2.50 and Dalia at dated Brent flat.
* Vitol continued to offer a March-loading cargo of Angolan Dalia, cutting offer levels consistently for over a month with no success.
* At least 15 April-loading Nigerian cargoes had yet to find buyers, traders said.


RELATED NEWS
* There is no need for the Organization of the Petroleum Exporting Countries to increase oil output to make up for Russia's 500,000 barrel per day cut, Angola's secretary of state for oil and gas told Reuters on Wednesday.
* U.S.-led international sanctions on Russia have begun to erode the dollar's decades-old dominance of international oil trade as most deals with India - Russia's top outlet for seaborne crude - have been settled in other currencies.
(Reporting by Noah Browning; Editing by Shailesh Kuber)


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