Tenders mopped up some Nigeria crude for December but spot trade ended the week on a quiet note, with high freight rates still weighing on the market.

In the window, Vitol offered a cargo of Forcados on a delivered basis at dated Brent plus $3.50 a barrel cif Rotterdam for Dec. 25 to Jan. 5 arrival.

India’s IOC was said to have awarded its tender to buy for Dec. 21-31 loading to Vitol and Shell for grades including Agbami, Akpo and Bonga.

Indian HPCL awarded its three-month term tender for crude delivering between December and March to BP, traders said.

Source: Hellenic Shipping News