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W. Africa Crude-Sonangol allocates August term caroges

Published 22/06/2020, 17:55
© Reuters.

LONDON, June 22 (Reuters) - Angola's Sonangol has allocated
its August term cargoes, traders said on Monday, while the
Nigerian market was awaiting official selling prices and loading
programmes.

PLATTS WINDOW
* No pricing indications for West African crude were seen on
Monday, a trade source said.

ANGOLA
* Sonangol allocated 13 August-loading cargoes to term
customers, a trader said. There are 38 August-loading cargoes in
the programme. Only Sonangol was heard to be offering spot
cargoes on Monday, with dealing heard to be slow.

NIGERIA
* Official selling prices for Nigerian exports for July are
expected imminently.
* Loading programmes for August are also due imminently and
should point to lower supply, in line with Nigeria's commitment
to cut output further following an OPEC-led supply cut deal.
* Bonny Light and Qua Iboe were last heard to be offered at
dated Brent plus 50 cents to $1.00, depending on dates.

(AReporting by Alex Lawler; editing by Maju Samuel)

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