W. Africa Crude-Nigerian weaker, programmes in focus

Published 19/01/2021, 18:30
© Reuters.

LONDON, Jan 19 (Reuters) - Nigerian crude differentials
weakened on Tuesday amid ample supply while Angolan grades were
steady.
Newly released and soon-to-be-released March loading
programmes remained the main focus for traders.

ANGOLA
* At least five Angolan cargoes remain unsold for loading in
February amid slow Chinese demand.
* Dalia for February loading was valued at about dated Brent
plus 50 cents by one market source.
* Angola is set to export 36 cargoes in March, up by three
from the final export plan for February. Term allocations have
not yet been finalized, a trader said, so spot offers were not
being shown as of 1430 GMT.

NIGERIA
* About 20 cargoes are available, a trader said, ahead of
the release of March-loading cargoes, so supply is ample.
* Bonny Light: A February-loading cargo was on offer at
dated Brent plus 30 cents, lower than Monday's assessment.
* A force majeure on exports of Qua Iboe has yet to be
lifted, but one trader said it was expected to be lifted soon.

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