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W. Africa Crude-Programmes for some key Nigerian grades slow to emerge

Published 24/02/2020, 17:42
© Reuters.  W. Africa Crude-Programmes for some key Nigerian grades slow to emerge

LONDON, Feb 24 (Reuters) - A handful of Nigerian programmes

were still outstanding on Monday while Taiwan took some west

African crude.

* Nigeria's Bonga programme had yet to emerge, lagging

behind other major grades. Schedules for a few small streams

were also missing, such as Abo, Pennington and Okono.

* Angolan cargoes for March were largely sold out, traders

said.

* State-owned Sonangol was offering four April-loading

cargoes - Dalia, Cabinda, Girassol and Sangos.

* Taiwan's CPC took several cargoes of U.S. crude and a

cargo of Forcados in its latest buy tender for April arrival.

RELATED NEWS

* South African petrochemicals group Sasol's SOLJ.J

half-year profits plunged, sending shares to a 14-year low on

Monday, hit by problems at its Lake Charles Chemicals project

and a doftening in prices for chemicals and Brent crude.

* Indian refining companies are snapping up rare crude

grades as the coronavirus outbreak curtails Chinese demand,

executives and traders said, with prices for some grades falling

by as much as 15%. * Nigeria's economic growth rose to an annual rate of 2.55%

in the three months to Dec. 31, its highest quarterly growth

since a 2016 recession, the statistics office said on Monday.

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