W. Africa Crude-More Angolan crude offered amid weak demand

Published 31/03/2021, 17:16
© Reuters.

LONDON, March 31 (Reuters) - More cargoes of Angolan crude
were offered on Wednesday, some at lower differentials, as
demand in Europe and China remains subdued.

ANGOLA
* State oil company Sonangol was still offering two cargoes
on a spot basis for May - a cargo of Saturno loading May 18-19
at dated Brent minus $1.00 and a cargo of Cabinda loading May
8-9 at dated Brent plus 80 cents, a trader said.
* Exxon offered a cargo via the Platts system, a May 18-19
Kissanje at dated Brent minus $1.00, trimming the offer from
minus 70 cents initially.
* Equinor was still offering a cargo of Girassol via Platts,
showing it at dated Brent minus 35 cents a barrel loading May
1-12, lower than an offer on Tuesday.

NIGERIA
* Qua Iboe and Bonny Light were assessed at parity to
slightly below dated Brent, stable compared to Tuesday.

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