London — Purchases of two cargoes of Nigerian oil cargoes by Vietnam and Thailand this month may signal an uptick in demand from a region where interest in Nigerian crude has been dominated by India and Indonesia.
* Vietnam’s Binh Son Refining and Petrochemical has bought 1 million barrels of Bonny Light crude in its first-ever import of Nigerian crude, traders said.
* Thailand’s IRPC refinery was also heard to have bought a cargo of light sweet Agbami crude, in the first scheduled Nigerian export there since April.
* Around 15 or slightly fewer Nigerian cargoes remained for export in September.
* A cargo of Ghanaian Jubilee crude was heard to have sold at a premium of $2.50 compared to dated Brent, but other details did not immediately emerge.
* The first loading programme for the giant Equinor-operated Johan Sverdrup oil field in Norway will average around 226,000 in October, likely dealing another blow to demand for comparable Nigerian oil.
* Trading for Angolan cargoes remained slow as buyers awaited discounts on relatively high offers but tenders from Chinese “teapot” refiners offered some hope.
* Indonesia’s Pertamina issued a buy tender for November delivery of West African crude cargoes. The tender was set to close on Friday and remains valid until Sept. 3.