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.


* Nigeria’s economy grew in 2018 at its fastest pace since a recession two years earlier, data showed, just days before a presidential election in which boosting growth has been a major campaign issue. (Reporting by Julia Payne Editing by Mark Potter and Edmund Blair) ))


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