off-the-wire

W. Africa Crude-Perenco offers crude as diffs under pressure

Kitco Media
By Reuters
Published:
Updated:
Reuters
LONDON, March 29 (Reuters) - Perenco issued tenders for May-loading crude while differentials for West African crude remained under pressure from slow sales to China and Europe.


* Indonesia's Pertamina closed a tender for June-arriving crude due, but results were slow to emerge.
* French oil company Perenco issued sell tenders for three varieties of crude oil due to close later this week - Cameroonian Kole, Gabonese Mandji and Rabi Light.
* French refinery strikes continued to squeeze demand for West African and especially Nigerian crude, where almost three dozen April-loading cargoes remain unsold.
* Finalized Angolan export plans for May remained steady at 33 cargoes, a relatively low volume.
* Offers for light sweet Nigerian Qua Iboe and Bonny Light crude stood at about dated Brent plus $1.60 a barrel, traders said, down by about 40 cents since the end of last week.
(Reporting by Noah Browning; Editing by Devika Syamnath)


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