W. Africa Crude-Main Nigerian programmes and OSPs emerge

Published 23/10/2020, 17:01
© Reuters.

LONDON, Oct 23 (Reuters) - Nigeria's December loading
programmes had mostly emerged by late Friday, with volumes
slightly down among the main grades in line with OPEC+ cuts.

* Nigeria's NNPC lowered its November official selling
prices for Bonny Light to dated Brent minus 63 cents, against
minus 37 cents last month, and Qua Iboe to minus 56 cents per
barrel from minus 66 cents per barrel.
* Exports from the four main Nigerian crude streams for
Decemeber are set to fall, with the biggest change in Forcados
crude, which will load 269,000 barrels per day (bpd) compared
with 307,000 bpd in November.
* Bonny Light will export another cargo, deferred from Nov.
31-1 to Dec. 3-4.
* The NNPC will export one cargo of EA Blend on Dec. 29-30.
* Traders said two cargoes of Angolan Girassol were sold for
well above dated Brent; probably by Sonangol, though no further
details emerged.
* A buy tender from Taiwan's CPC was filled with a West
African grade.

RELATED NEWS
* Angola's state oil firm Sonangol has hired Jefferies
investment bank to help sell its more than 30% stake in Puma
Energy, in which commodity trader Trafigura has a 55% stake, a
source familiar with the matter said. * Libya's National Oil Corp has lifted force majeure on
exports from the ports of Es Sider and Ras Lanuf, it said in a
statement on Friday, adding that output would reach 800,000 bpd
within two weeks and 1 million bpd in four weeks.

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