W. Africa Crude-Spot trade stalls as Chinese demand fizzles

 LONDON, Feb 4 (Reuters) - The spot market was slow on
Tuesday as Chinese fuel demand dried up due to strict
coronavirus measures but this week's flip to a contango market
structure and cheap freight rates could entice other Asian
buyers, traders said. * ExxonMobil was said to have won Indian HPCL's latest
tender for crude cargoes loading March 10-20. * India's IOC issued a spot tender with results expected on
Wednesday for crude loading April 1-10. * Asia's largest refiner, China's Sinopec Corp, instructed
its plants to cut throughput this month by about 600,000 barrels
per day as the rapidly spreading coronavirus hits fuel demand,
sources told Reuters. * Unipec was offering two cargoes of Gindungo at dated Brent
flat, a Pazflor at plus $1.10, a Sangos at plus 50 cents and a
Saturno at minus 65 cents. * Angola's state oil firm was offering a cargo of Girassol
at dated Brent plus $3.20 and a cargo of Dalia at dated Brent
plus $2.00. (Reporting by Julia Payne; Editing by David Clarke) ))

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