W. Africa Crude-Sasol issues buy tender, spot activity muted
LONDON, Jan 3 (Reuters) – Activity was focussed on a handful of small tenders on Thursday with sellers staying on the sidelines as demand has yet to resurface following the holiday period.
* Chinese demand has been weaker for the latest month’s cargoes and inventories are high, traders said.
* State oil firm Sonangol was still offering two cargoes of Dalia at dated Brent minus 30 cents a barrel loading Feb. 17-18 and Feb. 23-24.
* Nigerian oil marketing firm MRS awarded its sell tender for a cargo of Forcados loading Feb. 14-15 and a cargo of Amenam loading Feb. 10-11 but winner details did not immediately emerge.
* South Africa’s Sasol issued a buy tender for a cargo of west African crude loading mid to end-February.
* Glencore won a buy tender by Astron Energy, its oil refinery in South Africa, with a cargo of Nigerian Okwuibome for early March arrival.
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