W.Africa Crude - Sasol buys Nigerian crude
W.Africa Crude - Sasol buys Nigerian crude LONDON, Aug 7 (Reuters) - West African crude differentials were stable in the spot market on Friday, as market participants continued to digest a slew of recent tender results.
South Africa's SASOL bought 1 million barrels of Nigerian crude for September 16 to September 18 delivery to Durban, two traders said, but further details were scant.
This week Indian refiners bought up to 9 million barrels of Nigerian, Angolan, and Congolese crudes in tenders, according to trade sources.
In the West African spot market, Qua Iboe was heard to have traded at dated Brent plus $5.50 this week, according to one trader.
Bonny Light was on offer in the spot market at dated Brent plus $6.00 FOB this week, another trader said.
In upstream news, Angola's state-owned oil company Sonangol and concessionaire ANPG said on Thursday that the Katambi-2 offshore appraisal well crossed two productive intervals and confirmed good quality reservoirs.
(Reporting by Robert Harvey; Editing by Louise Heavens)
((robert.harvey@thomsonreuters.com))
Recent news on Sasol
See all newsBrief: Sasol International Chemicals Lifts Force Majeure On Detal LAB, LAS And Derivatives
Brief: Sasol Says On Track To Deliver Within Market Guidance Ranges Across Business
Mozambique courts South African investment for new gas project
Brief: Sasol Says Trix Kennealy To Retire As Non-Executive Director At AGM
Sasol signs fuel supply deal with White Desert for polar flights