LONDON, Sept 17 (Reuters) - Angolan state oil company
Sonangol published its plans for November exports, reduced by
two cargoes compared to plans for the previous month.
RELATED NEWS
* Angola plans to export 37 cargoes in November, as the
country plans to rein in output to compensate for overproduction
in early months beyond the limits specified by producer club
OPEC and its allies including Russia.
* Loadings of Cabinda, at three cargoes, are especially low
and include one deferred from last month's programme.
* Dalia exports were also due to be relatively low at three
cargoes.
* Price offerings for Angolan cargo were expected to remain
around lows last achieved at the height of the pandemic
lockdowns in around May, with around five spot cargoes for
export in October still unsold.
* Low Chinese buying interest and market dynamics favoring a
return to storage, which has already resumed albeit modestly
among recent exports of West African oil, will keep prices low.
* Sales of Nigerian crude stayed slow as traders awaited
results of a tender from India's IOC closing in the second half
of this week for crude arriving in November.
RELATED NEWS
* India's oil imports from Africa jumped to their highest in
10 months in August as refiners switched out more expensive
crude from the Middle East, shipping data provided by trade
sources showed. * OPEC+ could hold an extraordinary meeting in October if
oil markets weaken further, Saudi Energy Minister Prince
Abdulaziz bin Salman said on Thursday, according to an OPEC+
source.