Fed’s Powell opens door to potential rate cuts at Jackson Hole
LONDON, Jan 22 (Reuters) - More loading programmes for
Nigerian crude in March were issued on Friday while
differentials appeared to be under downward pressure from ample
supplies in February.
NIGERIA
* Bonny Light is loading six cargoes in March, while
Forcados is loading seven full cargoes and two partial
shipments, traders said.
Even so, March supply of four main grades is set to be lower
than in February. * Differentials have been coming down this week due to ample
supply as Qua Iboe exports resume. February-loading Escravos was
being offered at dated Brent plus 40 cents a barrel on
Wednesday, down from plus 80 cents the previous day.
ANGOLA
* Angola's state oil company Sonangol was still seeking
buyers for spot cargoes of crude loading in March.
* Offers were last heard to be as follows: Girassol at dated
Brent plus $1.50, Pazflor and Gindungo at plus 90 cents, Dalia
at plus $1, and Hungo at plus 70 cents.