W. Africa Crude-Angolan CLOV cargo sold, programmes due

Published 15/10/2020, 18:02
© Reuters.

LONDON, Oct 15 (Reuters) - The number of unsold
November-loading Angolan crude cargoes fell further on Thursday,
traders said, while the Nigerian market was steady.

ANGOLA
* Only one cargo of CLOV remains unsold after the other
found a buyer on Thursday. Details of the cargo's destination
were not known. A few other cargoes are available, traders said.
* December's loading schedule is expected to emerge on
Friday or Monday.
* Chinese buying has yet to rebound as the COVID-19 pandemic
continues.

NIGERIA
* The restart of Libyan supply is squeezing Nigerian
differentials, but some demand remains as offer levels are near
multi-year lows reached in May because of the pandemic.
* November-loading Qua Iboe and Bonny Light were assessed
unchanged at dated Brent minus 50 to 60 cents.

TENDERS
* Indian Oil Corp's tender to buy crude for arrival from
late December to early January closed on Thursday. The result
was slow to emerge.

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