W. Africa Crude-Key Nigerian programmes emerge

Published 29/12/2020, 17:03
© Reuters.

LONDON, Dec 29 (Reuters) - Spot activity was slow as traders
weighed new loading programmes that emerged on Monday.

* Nigeria's Bonny Light, Bonga and Forcados programmes for
February emerged on Monday but Qua Iboe remained unavailable
owing to force majeure on the grade. * Bonny Light loadings are due to rise in February to 7
cargoes compared with 5 in January while Bonga and Forcados will
have the same number of cargoes.
* Chevron was offering a cargo of Nigerian Pennington at
dated Brent plus $2.15 to northwest Europe for Jan. 23 to Feb. 2
arrival.
* Angola's state firm Sonangol added a cargo to the final
February programme bringing the total up to 33 cargoes compared
with 38 in January.
* Crude differentials were steady. State oil firm Sonangol
has been offering a Girassol cargo at around dated Brent plus
$2.50 a barrel and Dalia at dated Brent plus $2.00 this week.

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