W. Africa Crude-Angolan offers steady, fewer December cargoes remain

Published 05/11/2019, 17:23
Updated 05/11/2019, 17:27
© Reuters. W. Africa Crude-Angolan offers steady, fewer December cargoes remain

LONDON, Nov 5 (Reuters) - The number of unsold Angolan

cargoes for December loading was heard on Tuesday to be getting

smaller, with asking prices steady but traded prices said by

traders to be lower.

ANGOLA

* About 17 cargoes are thought to be available for December

loading, down from Monday's estimate of fewer than 20. That

means more than half of the month's 45 cargoes have traded.

* Offer levels remained stable from those heard on Monday.

Gimboa was offered by Sonangol at about dated Brent plus $2 a

barrel, Cabinda at about dated Brent plus $2 and Girassol at

dated plus $2.90, a trader said.

NIGERIA

* Bonny Light and Qua Iboe were last offered at dated Brent

plus $2.80, a trader said, though offers are thought to be few.

TENDERS

* Indian Oil Corp is running a buy tender closing Nov. 7 for

West African crude loading Jan. 1-10.

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