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W. Africa Crude-Angolan offers slip in muted trade

Published 05/01/2021, 18:02
Updated 05/01/2021, 18:12
© Reuters.

LONDON, Jan 5 (Reuters) - Trade was muted on Monday after a
slow winter holiday period and as traders awaited the results of
several tenders.

* Angola's state oil company Sonangol had yet to sell its
three spot cargoes for February export.
* Dalia crude was being offered at dated Brent plus $1 while
Girassol and Olombendo were offered at plus $2, all down around
30 cents from previous offers.
* Exports of Nigeria's Qua Iboe stream had yet to be lifted,
an Exxon spokesman confirmed, despite market sources expecting
the resumption of exports on Tuesday.
* Perenco is running sell tenders for cargoes of Congolese
Djeno for Feb. 6-7 and Feb. 28 to March 1 and a cargo of
Gabonese Mandji loading Feb. 27-28.
* The Djeno tender closes Jan. 7 and the Mandji tender
closes Jan. 6.

RELATED NEWS
* Saudi Arabia has offered to make voluntary cuts to its oil
production in February, two OPEC+ source said. * Azerbaijan plans to increase its oil output to 34.7
million tonnes in 2021 from 34.5 million tonnes in 2020,
according to the draft budget, seen by Reuters.

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