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W. Africa Crude-Angolan under pressure from weak demand

Published 09/04/2021, 17:49
Updated 09/04/2021, 17:54
© Reuters

LONDON, April 9 (Reuters) - Angolan crude differentials were
under downward pressure on Friday as limited demand in Europe
and China weighed on the market.

ANGOLA
* About 10 Angolan May-loading cargoes were available from
equity holders, the same as on Thursday.
* Eni was still offering Cabinda at dated Brent plus 30
cents, a trader said. Another seller was thought to be offering
a cargo at a discount to the benchmark, but further details were
not available.
* Other offers were heard to be steady: Chevron was offering
a cargo of Nemba at dated Brent minus 80 cents and CLOV was on
offer at dated Brent plus $1.00.
* Dalia was last offered at dated minus 10 cents, and a
trader said sold prices were lower at between dated minus 50
cents and minus $1.00 due to weak demand.

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