W. Africa Crude-Nigerian programmes in focus, Angolan May cargoes clearing

Published 21/04/2021, 18:22
© Reuters.

LONDON, April 21 (Reuters) - Nigerian crude loading
programmes for June began to emerge on Wednesday while the
unsold volume of May-loading Angolan cargoes was dwindling,
traders said.

NIGERIA
* The Qua Iboe crude stream, one of Nigeria's largest, will
load six cargoes in June, steady from May, a trade source said
on Wednesday.
* The latest official selling prices for Nigerian crude had
yet to be released.

ANGOLA
* State oil company Sonangol is expected to finalise its
term allocations for June-loading cargoes on Thursday, a trader
said. Angola will export at least 36 cargoes in June, up from 34
in May, a programme showed last week. O/LOAD
* About five to six May-loading cargoes were still
available, down from about 10 as estimated on Monday.
* Nemba was offered around dated Brent minus $1 a barrel,
steady from levels last heard, while Dalia was said to have
traded below the last known offer level of dated minus 50 cents.
* Cabinda was last offered at small premium to dated Brent,
but one potential buyer's view on value was below that level,
given the backwardated structure of dated Brent.

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