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W. Africa Crude-Sonangol sells Girassol, Nigeria lowers prices

Published 25/01/2021, 18:28
© Reuters.

LONDON, Jan 25 (Reuters) - Angola's state oil firm Sonangol
has started finding buyers for spot March-loading cargoes,
traders said on Monday, while traders in the Nigerian market
were digesting lower official selling prices and rising supply.

ANGOLA
* Songanol on Friday sold the Girassol cargo it has been
offering at dated Brent plus $1.50, traders said.
The company on Monday was still offering Pazflor and
Gindungo cargoes at dated Brent plus 90 cents, Dalia at plus $1
and Hungo at plus 70 cents, traders said.

NIGERIA
* Nigeria's state oil company on Friday lowered its February
official selling prices (OSPs) for Bonny Light and Qua Iboe to
dated Brent plus 1 cent and minus 8 cents, respectively.
* The recent restart of Qua Iboe exports has added to
supply, pressuring differentials according to some traders.
* Qua Iboe was being offered somewhat higher than OSP at
dated Brent plus 60 cents on Monday.

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