November 1, 2018 / 6:35 PM / 20 days ago

W. Africa Crude-Spot thin as traders wait for Pertamina results

LONDON, Nov 1 (Reuters) - Some November cargoes of Nigerian crude were still on offer on Thursday but sellers stayed generally on the sidelines as they awaited a significant tender result.

* Up to 10 cargoes are left from Nigeria’s November loading programme. Shell was offering a cargo of Agbami loading Nov. 25-27 at dated Brent plus 30 cents a barrel.

* Trafigura sold a cargo of Forcados to Total earlier this week.

* Nigerian Bonny Light, Bonga and Qua Iboe were offered at around dated Brent plus $1.75 a barrel, unchanged from the previous day, but found no buyers.

* Around a dozen cargoes of Angolan crude are available for sale from the December programme.

* Traders said BP was still offering Plutonio at dated Brent plus $0.20 and Pazflor at dated Brent plus $0.10, while ExxonMobil was offering Saxi at a premium of $0.60, unchanged from Tuesday.

TENDERS

* Indonesia’s Pertamina issued a tender for crude delivered in January and February. The tender closes on Nov. 1 and bids remain valid until Nov. 5.

RELATED NEWS

* Nigeria’s state oil firm NNPC said on Thursday that it had signed a crude-for-product deal with BP BP.L for the next six months to help meet the country’s gasoline needs over the holidays and ahead of its general election early next year.

* Brazil’s state-owned Petrobras will sell its 50 percent stake in a Nigerian oil and gas exploration venture to a consortium led by top oil trader Vitol for $1.53 billion, according to a securities filing on Wednesday. (Reporting by Julia Payne Editing by Alexandra Hudson) ))

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