W. Africa Crude-Nigerian crude clears in Indian tender

LONDON, April 1 (Reuters) – Some Nigerian crude cleared through an Indian tender on Monday, though spot activity was quiet with traders waiting for the results of the latest Indonesian tender.

* Around 10-15 cargoes remain for April-loading with Bonny Light and Qua Iboe being shown at dated Brent plus $1.50 a barrel. May loading cargoes of the same two grades were being shown significantly higher at dated Brent plus $2.20.

* India’s IOC awarded its May 20-29 loading tender to Glencore for a VLCC of Nigerian grades Akpo and Escravos and Vitol for a VLCC of Nigerian Agbami and Angolan CLOV.

* Indonesia’s Pertamina is due to award its latest tender for May delivery crude on Thursday.

* Uruguay’s state-run oil company ANCAP bought a cargo of U.S. WTI crude in its latest tender.


* OPEC oil supply sank to a four-year low in March, a Reuters survey found, as top exporter Saudi Arabia over-delivered on the group’s supply-cutting pact while Venezuelan output fell further due to sanctions and power outages.

* Saudi Aramco, the world’s biggest oil producer, made core earnings of $224 billion last year, almost three times as much as Apple, figures from the state-owned company showed on Monday ahead of its debut international bond issue. (Reporting by Julia Payne; Editing by Mark Potter) ))


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