Investing.com - Financial Markets Worldwide

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.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.