W. Africa Crude-Angola adds extra cargo to September programme

Published 17/07/2020, 17:05
© Reuters.

LONDON, July 17 (Reuters) - Angola added an extra cargo to
its September loading schedule, a revised programme showed on
Friday, while Nigeria's export programmes for September started
to emerge.

ANGOLA
* Angola is set export 42 cargoes in September, versus 38 in
August, despite promising to comply better with OPEC+ production
cuts, the updated loading programme showed. O/LOAD
* Up to 10 cargoes were left from the August loading
programme.
* Eni was offering an August-loading cargo of Olombendo at
dated Brent plus $1.50, the same as on Thursday.
* BP and Chevron were offering cargoes of Cabinda at dated
Brent plus $1.80, a trader said, down from dated Brent plus
$2.10-$2.20 at the start of the week, suggesting weaker demand.

NIGERIA
* Nigeria's Qua Iboe crude stream will load six cargoes in
September, the same as in August, a trader said on Friday,
suggesting the country is keeping a lid on supplies as part of
its OPEC+ production cuts.
* Bonny Light and Qua Iboe were being offered at about dated
Brent plus 90 cents to plus $1.00, lower than indications
reported a week ago.

ASIAN TENDERS
* Indian Oil Corp is running a tender to buy crude loading
Sept. 13-22, a trader said. The tender, which is open to some
West African grades, closes on July 21.

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