W. Africa Crude-IOC takes West African crude

Sasol

11/10/2022 16:33

LONDON, Oct 11 (Reuters) - India's IOC awarded a tender
for two cargoes of West African crude, as refining margins
bolstered offers.
    * India's IOC awarded a buy tender issued last week for
December-loading supplies to ExxonMobil for cargoes of Angolan
Kissanje and Nigerian Qua Iboe crude.
    * Gasoline refining margins in the United States and Europe
have edged up in the last week, boosting offers for light sweet
crude from the region.
    * Qua Iboe has been offered for over dated Brent plus $4 a
barrel, supported by persistent outages on other Nigerian
streams.
    * Sonangol's spot cargo of Girassol was last offered for
dated Brent plus $3.90 a barrel. 
    * Chinese holidays and a Covid-19 flareup has dampened the
economic outlook there, as lackluster services sector data
emerged this week may dampen buying, traders say.
    RELATED NEWS
    *  President Joe Biden is re-evaluating the U.S.
relationship with Saudi Arabia after OPEC+ announced last week
that it would cut oil production, White House national security
spokesman John Kirby said on Tuesday. 
    * French Prime Minister Elisabeth Borne on Tuesday said she
had ordered local prefects to requisition some staff needed to
ensure petrol supply to the country's service stations as France
struggles with strikes at refineries and storage facilities. 
 (Reporting by Noah Browning; Editing by Mark Porter)
 ((noah.browning@thomsonreuters.com))
 
((WEST AFRICA CRUDE OIL DIFFERENTIALS AND OUTRIGHT PRICES:
                     0#BFO-DIF    0#C-E 
    Bonny Light      BFO-BON      BON-E 
    Cabinda          BFO-CAB      CAB-E 
    Forcados         BFO-FOC      FOC-E 
    Qua Iboe         BFO-QUA      QUA-E  
 CRUDE ARBITRAGE STORIES  O/CRUDEARB  
 CRUDE OIL TRADES   CRU/T  
 NORTH SEA CRUDE REPORT  CRU/E  
 MEDITERRANEAN CRUDE  CRU/MED  7
 W Africa Asia crude exports, monthly   O/WAFRICA1  
 New African oilfields          AFR/NEW  
  ENERGY  speed guide 
  CRUDE/1  crude speed guide 
 NYMEX crude  0#CL:            ICE crude  0#LCO:    
  OPEC                  NSEA   North Sea 
  CRU   crude oil            PROD   oil products 
  DRV   derivatives          PRO/E  European products 
  O/L   Latest ICE           O/N    Latest NYMEX 
  OILOIL    NYMOIL   IPEOIL   OILSPD   OILARB  
 CRDWLD  PRODEUR ))))