W. Africa Crude-Nigerian OSPs, September loading programmes emerge

Published 20/07/2020, 18:04
© Reuters.

LONDON, July 20 (Reuters) - Most of Nigeria's September
loading programmes emerged on Monday, but traders were still
waiting for Angolan allocations.

NIGERIA
* Nigeria's state oil company on Monday raised its August
official selling prices for Bonny Light BON-E and Qua Iboe
crude oil QUA-E to dated Brent plus 61 cents and plus 65 cents
per barrel, respectively. OSP/O
* The loading programmes for Bonny Light and Forcados will
both have seven cargoes, Bonga will have four and Qua Iboe six.
O/LOAD * Total loadings for the four key grades will be at 756,000
bpd in September up slightly from 743,000 in August.
* As for the smaller streams, there will be three Akpo
cargoes including one partial cargo, four Egina cargoes
including one partial, three cargoes of Amenam, one cargo each
of Yoho, Usan and EA as well as two Erha.
* Bonny Light and Qua Iboe were being offered at about dated
Brent plus 90 cents to plus $1.00.

ANGOLA
* Around 10 cargoes were left from the August loading
programme.
* Eni was offering an August-loading cargo of Olombendo at
dated Brent plus $1.50. BP and Chevron were offering cargoes of
Cabinda at dated Brent plus $1.80.

TENDERS
* Indian Oil Corp is running a tender to buy crude loading
Sept. 13-22, a trader said. The tender, which is open to some
West African grades, closes on July 21.

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