W. Africa Crude-India’s IOC issues two new buy tenders
LONDON, Feb 12 (Reuters) – Spot activity was slim on Tuesday as traders eyed two new buy tenders from India’s IOC.
* About 20 cargoes of Nigerian crude were left in the March loading programme.
* India’s IOC issued two buy tenders for crude loading March 26 to April 4 and another for April 7-16. Both tenders close on Feb. 14 with results expected the following day.
* Less than five cargoes of Angolan crude were still available in March. Low freight rates has helped boost demand, a trader said.
* The April Angolan programme is expected at the end of the week.
* Total continued to offer a cargo of Girassol at dated Brent plus $1.50 a barrel and Gindungo at dated Brent plus 40 cents.
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