W. Africa Crude-Buyers aloof as offers still too high

LONDON, April 5 (Reuters) – Spot activity was minimal on Friday as bullish sellers kept offer levels unchanged despite weakening demand, while a fresh Indian buy tender was issued.


* About 30-35 cargoes of Nigerian crude were left from the April and May programmes although the bulk are May loading.

* Amenam was being offered at dated Brent plus 90 cents a barrel, Brass River and Qua Iboe at dated Brent plus $2.20 a barrel and Bonny Light at dated Brent plus $2.30 a barrel.

* Traders said prices were due for a downward correction after high official selling prices set the tone in March and April.


* About ten cargoes remained from the May programme with about six cargoes held by Equinor.

* Chevron was offering a cargo of Cabinda at dated Brent plus $1.70 a barrel loading May 22-23.

* Glencore was offering an end-May loading cargo of Saxi.


* India’s IOC issued a buy tender for June 1-10 loading crude. The tender closes on April 10.

* Indonesia’s Pertamina took a cargo of Bonny Light in its latest May delivery tender but the supplier did not immediately emerge.


* U.N. Secretary-General Antonio Guterres met eastern Libyan commander Khalifa Haftar in Benghazi on Friday in a bid to avert renewed civil war as his forces advanced on the capital Tripoli to challenge the internationally recognised government.

* Italy’s Eni has carried out internal audits in a slander case relating in part to a Nigeria corruption scandal and a source with knowledge of the matter said the review could prompt some management changes at the oil major.

Reporting By Julia Payne; Editing by Kirsten Donovan


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