W. Africa Crude-Chevron awards Cabinda, market waits for tender results

LONDON, March 5 (Reuters) – Spot activity was relatively muted as traders awaited results from several tenders but prices remained underpinned by strong demand and lower supplies of Nigerian Bonny Light and delayed Forcados loadings.

* Majors have been selling cargoes via one-off tenders on the back of strong demand to secure the highest level.

* Chevron awarded its sell tender for a cargo of Cabinda loading April 7-8 to Unipec. Eni recently sold its Sangos via tender to Unipec as well.

* BP was offering a cargoes of Angolan Kissanje and Pazflor at dated Brent plus $1.30 a barrel, a trader said.

* Indonesia’s Pertamina closed a buy tender for early May crude, results were expected later this week.

* South Africa’s Sasol awarded its buy tender for crude loading April 9-15 but winner details did not immediately emerge.

* Offers for Bonny Light and Forcados for April loading were shown at dated Brent plus $2.50 a barrel and higher, traders said.


* Libya’s NOC lifted force majeure on the key El Sharara oilfield that had been in place since December and production was at 80,000 barrels per day as of Tuesday morning.

Reporting by Julia Payne, editing by Ed Osmond


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