W. Africa Crude-Angolan offers steady amid scarce demand

Published 21/08/2020, 17:05
© Reuters.

LONDON, Aug 21 (Reuters) - Offers for Angolan crude were
largely steady despite a glut from the previous month and scarce
buyer interest as main market China holds off on buying.

* At least five cargoes of Angolan crude for export in
September are yet to find a buyer.
* Almost a third of the October programme published this
week is set aside for term allocations.
* Angolan Cabinda crude was being offered for around dated
Brent plus $1, while heavy sweet Dalia and Pazflor were being
offered for slightly less.
* China had yet to purchase any cargoes from the October
programme, traders said.
* European and Indian demand for Nigerian light sweet crude
was also muted, with many West African exports for September and
October expected to go into floating storage.

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