W. Africa Crude-Nigerian offered in window, Angolan programme expected

Published 14/01/2020, 18:42
© Reuters.  W. Africa Crude-Nigerian offered in window, Angolan programme expected
LEK
-

LONDON, Jan 14 (Reuters) - Traders offered Nigerian cargoes

in the window on Tuesday in an effort to drum up interest in

February cargoes.

* Angolan state oil company Sonangol was still offering a

February-loading cargo of Gindungo at dated Brent plus $1 and a

Hungo cargo at dated Brent plus $1.40.

* Less than 10 cargoes remained from Angola's February

loading programme.

* BP was offering CLOV and Girassol around dated Brent plus

$2.75 and Pazlor around dated Brent plus $1.55. Equinor was

showing a cargo of Saxi at a little more than dated Brent plus

$2 and ExxonMobil was offering Dalia at dated Brent plus $2.50.

* Angola's March loading programmes were expected to emerge

by Thursday, with Nigerian official selling prices also expected

this week.

* Nigerian crude sales have been slow, traders said, and

about four cargoes of Djeno were also unsold.

* Sellers have resorted to offering cargoes in the Platts

window in a relatively rare move.

* Mercuria offered a cargo of Forcados at dated Brent plus

$6.60 on a delivered basis to Rotterdam for Feb. 11-15.

* Vitol withdrew an offer for a cargo of Okono at dated

Brent plus $1.50 free on board (fob) for loading Feb. 8-9.

* Equinor withdrew a cargo of Bonga at dated Brent plus

$6.95 on a delivered basis to Rotterdam for Feb. 28 to March 10.

* India's IOC has two tenders closing this week, with

results expected on Thursday. One is for cargoes loading from

end-February to March 3. The other is for loading over March

11-20.

RELATED NEWS

* Shares in Nigerian oil company Lekoil LEK.L plunged more

than 70% before recovering slightly on Tuesday following a

suspension of trading after the firm discovered that a $184

million loan it had announced was fraudulent.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2024 - Fusion Media Limited. All Rights Reserved.