W. Africa Crude-Angolan trades in the window

Published 20/06/2019, 19:31
W. Africa Crude-Angolan trades in the window

LONDON, June 20 (Reuters) - A cargo of Angolan crude traded
in the window on Thursday in a rare move as weak Chinese demand
weighed.

* In the Platts window, Unipec sold a cargo of Saturno to BP
at dated Brent plus 10 cents loading August 21-22.
* Unipec also offered a cargo of Gindungo.
* About 6-7 cargoes remain for July loading, while the
preliminary programme for August added another 45 cargoes.
* Around 25 cargoes of Nigerian crude remained for July and
there was no sign yet of August loading programmes.
* Cargoes of Qua Iboe were being offered for between
$2.40-$2.80 above dated Brent.

RELATED NEWS
* Nigerian President Muhammadu Buhari has appointed a new
group managing director of the Nigerian National Petroleum
Corporation (NNPC), the state oil firm said on Thursday, one of
his first appointments since starting a second term in office
last month. * Angola, a key provider of oil to China, has suffered its
slowest trading month this year as poor refining margins, high
freight rates and subdued demand amid the trade war between
Beijing and Washington curbed its sales.

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