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W. Africa Crude-Sonangol offers more Sept cargoes

Published 22/07/2020, 16:58
© Reuters.

LONDON, July 21 (Reuters) - Angolan state oil company
Sonangol offered more September-loading cargoes on Wednesday,
while price indications for Nigerian grades looked stable.

ANGOLA
* Sonangol has allocated 10 September cargoes to term
customers and has four more cargoes that it will sell on a spot
basis, a trade source said.
* Of the four, Sonangol was offering Dalia for loading Sept.
19-20 at dated Brent plus $2.10, and Gindungo for Sept. 16-17 at
dated Brent plus $1.50. Those offers were stable from Tuesday.
Sonangol also began offering September-loading cargoes of
Cabinda at dated Brent plus $2.30 and Girassol at dated Brent
plus $2.60, a trader said, adding that business was quiet so
far.
* As many as 9 cargoes were left from the August loading
programme.
* Eni was offering an August-loading cargo of Olombendo at
dated Brent plus $1.35. BP was offering an August cargo of
Cabinda at dated Brent plus $1.80. Those offers were also stable
from Tuesday.

NIGERIA
* Bonny Light and Qua Iboe were being offered at about dated
Brent plus 90 cents to plus $1.00, in line with indications
heard on Tuesday.
* There is an ample supply of August-loading cargoes. Most
of the September loading programmes has been released and points
to steady supply of the four main grades.

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