LONDON, March 30 (Reuters) - The differential for a key
Angolan grade Girassol fell on Tuesday as European demand
remained weak due to COVID-19 lockdowns while China looked to
Iran for cheap barrels.
* Equinor offered a cargo of Angolan Girassol down to dated
Brent minus 15 cents a barrel loading May 11-12 on a fob basis.
* Sonangol was still offering two cargoes on a spot basis
for May - a cargo of Saturno loading May 18-19 at dated Brent
plus $1.00 and a cargo of Cabinda loading May 8-9 at dated Brent
plus 80 cents a barrel.
RELATED NEWS
* Saudi Arabia is prepared to support extending oil cuts by
OPEC and its allies into June and is also ready to prolong its
own voluntary cuts to boost prices amid a new wave of
coronavirus lockdowns, a source briefed on the matter said on
Monday. * China will receive another large influx of cheap Iranian
oil in March passed off as crude from other origins, curbing the
top importer's appetite for crudes from other suppliers,
according to traders and analysts.