LONDON, April 16 (Reuters) - Plans for Angolan crude oil
exports loading in June emerged on Thursday, as buyers mostly
remained scarce and confusion reigned over markets reeling ahead
of planned producer cuts.
ANGOLA
* Angola plans to export 42 crude cargoes in June, according
to a preliminary programme seen by traders, in line with final
exports for May.
* The consistent export volume comes despite Angola taking
part in the unprecedented pact by producer countries to reign in
supply, in which it is meant to reduce output to 1.18 million
barrels per day beginning in May from 1.4 million bpd this
month.
* Sonangol finally sold its two remaining cargoes on
Wednesday, of CLOV and Dalia, reportedly for below dated Brent
minus $5.
* East Asian buying had largely stopped after a brief pickup
last week as customers grappled with volatile market dynamics
and uncertainty over the financial benefits of cargoes requiring
long voyage times.
NIGERIA
* Backed-up supply to the tune of dozens of cargoes
continues to vex sellers, as traders had few solid pointers on
reasonable prices with demand cratered by coronavirus lockdowns
and markets awash in excess supply.
* A monthly tender for 2 million barrels issued by
Indonesia's Pertamina, one of the few explicit long-term appeals
for crude in an increasingly opaque market, provided little
relief.
* Nigeria's NNPC is set to release official selling prices
imminently, after April rates plunged to record lows.
RELATED NEWS
* OPEC on Thursday again cut its forecast for 2020 global
oil demand due to the "historic shock" delivered by the
coronavirus outbreak, and said the reduction may not be the
last. * Indonesia's state oil and gas company PT Pertamina plans
to import more crude oil and fuel to take advantage of cheap
prices, its chief executive said on Thursday, boosting the
security of its supplies despite a drop in domestic fuel sales.