LONDON, Nov 20 (Reuters) - Angolan crude has been selling
swiftly since allocations came out on Thursday on the back of
strong Chinese demand.
* Traders said that fuel oil, in particular low sulphur, was
propping up demand as refinery run cuts tighten supplies.
* Furthermore, China has been looking for alternatives to
dwindling Middle East supplies as OPEC+ looks set to extend
production cuts in 2021.
* Angola's state oil Sonangol sold all its January spot
cargoes to Chinese refiners and suppliers to Asia.
* Sonangol sold Dalia and Saturno on a spot basis on
Thursday and then sold a cargo each of Olombendo, Hungo and
Girassol via tender on Friday.
* Unipec bought the Hungo and Olombendo cargoes. Shell was
said to have bought the Girassol. Equinor was said to have
bought Dalia and Saturno offered right after allocations emerged
late on Thursday.
* Nigeria's January loading programmes emerged with the key
four grades Bonny Light, Bonga, Forcados and Qua Iboe falling
slightly to a combined 632,000 barrels per day. O/LOAD
* In January, there will be four cargoes of Agbami, three
Akpo, two Amenam, three Erha, four Egina, five Escravos, one
Usan and two cargoes of Yoho.
* India's IOC was said to have bought at least 3 million
barrels of crude in its latest tenders but details did not
immediately emerge.