W. Africa Crude-Forcados force majeure lifted, Angola sells cargoes

Published 20/01/2021, 17:48
© Reuters.

LONDON, Jan 20 (Reuters) - Exports resumed on a key grade of
Nigerian crude oil while Angolan crude began selling more
briskly.

* Shell lifted force majeure on exports of Forcados crude,
effective on Sunday morning after it was imposed on Thursday.
* Angola sold out of its spot cargoes for export in
February, leaving only one or two cargoes still seeking buyers
for the month.
* Sales for March got off to a solid start, with Glencore
buying a cargo of Dalia crude and Total a cargo of Cabinda, both
offered by state oil company Sonangol and trading hands at a
little above dated Brent plus 50 cents.
* Sonangol sought buyers for several other cargoes,
including another cargo of Dalia at around dated Brent plus $1,
Girassol around plus $1.50, Hungo at plus 50 cents as well as
Gindungo and Pazflor at around dated Brent plus $1.
* Production of Nigeria's key Qua Iboe crude stream was
under way but a revised export schedule had yet to emerge.
* Export plans for March-loading Nigerian crude are expected
late this week or early next week.

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Russia to keep its ranking as China's top crude supplier in
2020, Chinese government data showed on Wednesday. * China's exports of clean marine fuels rose in December to
a record high since shipments began a year ago, taking 2020
exports of the ship fuel to 15.45 million tonnes, customs data
showed on Wednesday.

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