LONDON, April 30 (Reuters) - China's state refinery Unipec
purchased a couple of cargoes of West African crude while
Angolan and Congolese offers remained relatively steady amid
slow sales.
* Traders said Unipec purchased a cargo of Angolan medium
sour Mostarda crude from Exxon Mobil, likely for below dated
Brent minus $1, as well as a cargo of Djeno for below minus
$1.50.
* Offers for June-loading Angolan cargoes have barely moved
since Monday, with Sonangol still unable to sell its cargoes of
Gimboa and Olombendo at minus 20 cents and plus $1 respectively.
* Sellers will be especially pinched as already muted
Chinese buying takes a pause for most of next week for Labour
day holidays.
* Perenco is running a sell tender for a cargo of Congolese
Djeno, as around 10 cargoes of the grade for May and June
loading remain unsold in especially slow trading.
* Indian demand for lighter West African crude has been
dented by a coronavirus spike, and the spread between Brent- and
Dubai-priced crudes are heavily favouring the latter at the
expense of Brent-linked grades from West Africa.
* With European demand still stagnant, CPC Blend crude and
lighter West African grades from Nigeria, Ghana and Equatorial
Guinea are attracting little interest from buyers there.
* Loading delays continue to beset Nigeria's Bonny Light
stream, as the country now plans to export in June some cargoes
earmarked for sale as long ago as April.
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