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.

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Reporting by Julia Payne, editing by Ed Osmond

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