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W. Africa Crude-Angolan allocations emerge, offers dip

Published 21/07/2020, 16:43
© Reuters.

LONDON, July 21 (Reuters) - Angolan allocations emerged on
Tuesday, while spot offers dipped due to lacklustre demand.

ANGOLA
* Angola's state firm Sonangol was offering two spot
cargoes: a Dalia, loading Sept. 19-20, at dated Brent plus $2.10
and a Gindungo, loading Sept. 16-17, at dated Brent plus $1.50.
* Around nine cargoes were left from the August loading
programme.
* Eni was offering an August-loading cargo of Olombendo at
dated Brent plus $1.35, down from previous offers at $1.50.
* BP was offering a cargo of Cabinda for Asian delivery. The
cargo was previously offered at dated Brent plus $1.80, down
from over $2 a week ago.
* Chevron was said to be taking its cargo of Cabinda,
previously on offer, into its own system.
* Several cargoes of August loading Djeno and Jubilee were
also on offer.

NIGERIA
* Around half the August loading Nigerian programme was
still left, a trader said.
* Bonny Light and Qua Iboe were being offered at about dated
Brent plus 90 cents to plus $1.00.

TENDERS
* Indian Oil Corp closed a tender to buy crude loading Sept.
13-22, but winner details did not immediately emerge.

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