September 11, 2017 / 2:38 PM / 6 months ago

W. Africa Crude-October cargoes clearing steadily

LONDON, Sept 11 (Reuters) - The number of unsold West African crude cargoes for October loading is getting steadily smaller due to robust demand, traders said on Monday, amid signs of lower offers for some grades.


* As few as eight to nine cargoes may still be available from the October schedule, one trader said. The November programme is expected to be released in coming days.

* Girassol was last heard to be offered at dated plus $1.40 and a trader said all cargoes of that grade were now sold.

* Cabinda was last offered at dated Brent plus $1.10, unchanged from price talks last week, a trader said.


* Around 23-24 October-loading cargoes were still available, a trader said, down from Friday’s estimate of closer to 30.

* Qua Iboe was offered at dated Brent plus $1.70-$1.75 a barrel, a touch lower than on Friday, with value pegged closer to dated plus $1.40.


* Indian Oil Corp. bought cargoes of Clov, Girassol, Akpo and Amenam from Total in its tender awarded last week, a trader said.

* IOC did not issue another tender after awarding the last one, a trader said. (Reporting by Alex Lawler; Editing by Susan Fenton) ))

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