LONDON, May 31 (Reuters) –There are several buy tenders open this week, with companies including Uruguay’s ANCAP, Indonesia’s Pertamina, and India’s HPCL and IOC, in the market for crude oil, a trader said on Friday.
* HPCL has scored two cargoes of West African crude as part of its tender – a cargo apiece of Nigerian Agbami and Angolan Girassol, the trader said.
* It is unclear when the tenders are set to close.
* Premiums for West African crude grades have been under pressure in recent weeks, on ample supply and weak gasoline margins. There’s just too much crude, the trader added.
* Nigeria was last known to be carrying an overhang of 15 to 20 cargoes in addition to its July export programme, much of which emerged this week.
* Meanwhile, about half of Angola’s July loading programme remains on offer.
Reporting by Natalie Grover in London; Editing by Shailesh Kuber
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