RTRS:Asia-Pacific Crude-Steady as Nile Blend discount unchanged
SINGAPORE, Oct 30 (Reuters) - The Asia-Pacific crude market
steadied on Tuesday as the discount on Nile Blend remained
unchanged from previous tenders, traders said.
Trading for the month has ended with most refiners having
completed their purchases, they added.
Indian refiners Indian Oil Corp (IOC) and Bharat Petroleum
Corp Ltd. (BPCL) have floated tenders seeking sweet crude for
December and January, and traders said they may be looking at
West African grades.
BPCL also bought one cargo each of December loading Akpo and
Nemba crude from Vitol, they added.
* TENDERS
- State-owned China National Petroleum Corp (CNPC) has sold
its second 600,000 barrels of Nile Blend crude for November to
Vitol at a steady discount from the previous deal, trade sources
said on Tuesday.
The cargo to load on Nov. 12-14 was sold at a discount of
about $5 a barrel to the Indonesia Crude Price Minas (ICP).
After the award, CNPC issued a tender to sell a cargo for
Dec. 6-8 loading. The tender will close on Oct. 31.
Sudan is gradually ramping up Nile Blend exports after
parliaments in Khartoum and South Sudan ratified an agreement
last week to end hostilities and restart southern oil exports.