January 28, 2020 / 5:57 PM / 23 days ago

W. Africa Crude-Bonny Light pipeline fixed, coronavirus weighs

    LONDON, Jan 28 (Reuters) - Spot demand was slim owing to the
Chinese New Year holiday along with fears the coronavirus will
dampen fuel needs in China, a major West African crude buyer.   

    * Asian jet fuel prices have dropped and refiners' profits
for the product have slumped to the lowest in more than 2-1/2
years, while industry analysts are cutting their 2020 forecasts
for jet fuel and overall oil demand.             
    * Nigerian oil producer Aiteo has repaired the Nembe Creek
Trunk Line which transports Bonny Light crude, traders said.
Aiteo did not immediately respond to a request for comment.
    * Shell, which operates Bonny Light exports, has not yet
lifted force majeure, the traders added. Shell did not
immediately have a comment.
    * About 20 March-loading Angolan cargoes are still unsold, a
trader said.
    * Sonangol was still offering a cargo each of Dalia and
Girassol, a source said. The Dalia was last being offered at
more than dated Brent plus $2.50 and Girassol at close to dated
Brent plus $3.90.
    
    TENDERS
    * India's HPCL issued a buy tender for crude cargoes loading
March 10-20. The tender bids remain valid until Jan. 31. 
    * Indonesia's Pertamina issued a buy tender for crude for
April 15-17 or 8-10 delivery depending on the port. Bids are due
by Jan. 30 and remain valid until Feb. 3.
    
    

 (Reporting By Julia Payne; Editing by Pravin Char)
  
 
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