W. Africa Crude-More Nigerian programmes emerge, point to lower volumes

Published 24/10/2019, 17:11
© Reuters. W. Africa Crude-More Nigerian programmes emerge, point to lower volumes
SQZ
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LONDON, Oct 24 (Reuters) - A projected decline in Nigerian

oil for export in December became clearer on Thursday as

preliminary programmes for more grades of oil emerged.

NIGERIA

* A trader said no export plans for the Erha stream were

expected for December, potentially taking its usual 5-6 cargoes

off the market.

* Preliminary schedules for the Usan stream showed a single

cargo, down from the usual two.

* Among Nigeria's four main crude grades, exports for Bonga

were down to 92,000 barrels per day (bpd) for December from

158,000 bpd planned in November.

* U.S. Gasoline stocks USOILG=ECI fell by 3.1 million

barrels, the Energy Information Administration said on

Wednesday, compared with analysts' expectations in a Reuters

poll for a 2.3 million-barrel drop.

ANGOLA

* Three cargoes are likely to remain from Angola's November

export schedule, including Mostarda loading on Nov. 12-13 as

well as Dalia and Gindungo loading at the end of the month.

* Angola's state firm Sonangol was offering cargoes of

Pazflor, Mondo and Gimboa. A final version of the December

loading programme is expected by the end of the week.

* Repsol absorbed a cargo of Congolese N'Kossa into its La

Pampilla refinery in Peru.

* India's IOC is seeking West African crude for Dec. 10-19

and Dec. 14-23 loading. The tenders close on Oct. 24.

RELATED NEWS

* September attacks on Saudi oil assets have created doubts

about Saudi Arabia's status as a reliable oil supplier, Igor

Sechin, Chief Executive of Russia's Rosneft ROSN.MM, said.

* Global energy trader Mercuria said the firm restructuring

China's bankrupt trading firm Guangdong Zhenrong is threatening

it with legal action for allegedly failing to fulfill oil

contracts. * The U.S. Treasury extended a licence for Serica Energy

SQZ.L to operate the Rhum field in the North Sea which is 50%

owned by Iran's national oil company, energy producer Serica

said on Thursday.

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