W. Africa Crude-Angolan slow to sell due to freight rates

Published 30/12/2019, 17:18
W. Africa Crude-Angolan slow to sell due to freight rates

LONDON, Dec 30 (Reuters) - Freight rates continued to climb,

weighing on spot demand, on Monday, while the holiday period has

prompted traders to put off purchases to the new year.

* Angola's state oil company Sonangol was still offering two

Dalia cargoes at dated Brent plus $2.90, and a Gindungo at dated

Brent plus $2.00 loading Feb. 15.

* It was also offering a Hungo at dated plus $2.50 loading

Feb. 27 and an Olombendo at dated Brent plus $4.00 loading Feb.

* Several Angolan January loading cargoes were still on

offer on a delivered basis to Asia.

* India's HPCL has issued a buy tender for cargoes loading

Feb. 10-20 or for March 10-20 delivery, with bids remaining

valid until Dec. 31.

RELATED NEWS

* Venezuelan state oil company PDVSA's contract to operate

Curacao's 335,000-barrel-per-day Isla refinery will end on Dec.

31, despite an earlier agreement to extend the contract by a

year, the Caribbean island's authorities said.

* RdK and industrial commodities conglomerate Klesch Group

have finalized a deal to take over the refinery.

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