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W. Africa Crude-Sonangol said to finalise July term allocations

Published 21/05/2019, 16:56
W. Africa Crude-Sonangol said to finalise July term allocations

LONDON, May 21 (Reuters) - Angolan state oil company
Sonangol has finalised its allocations of July-loading crude to
term buyers, traders said on Tuesday, while the number of unsold
Nigerian June cargoes was dwindling.

ANGOLA
* Two cargoes of June-loading crude are left to sell, a
trader said.
* Sonangol has allocated all of its July-loading cargoes to
term buyers and still has a cargo of Mostarda available, a
trader said, which is being offered.
* Dalia: Sonangol sold a cargo of this grade in a tender,
due to high demand, a trader said.
* There has yet to be a spot trade of July-loading crude.

NIGERIA
* Around 15 June-loading cargoes of Nigerian crude were
still available, lower than Monday's estimate of around 20.
* Nigeria's Trans Forcados pipeline remains closed but no
force majeure has been declared, a Shell spokeswoman said on
Tuesday after a fire broke out on Sunday.
* Forcados cargo loadings are experiencing delays, a trader
said, although it was unclear how long.

TENDERS
* India's HPCL issued a buy tender for west African crude
loading July 1-10. The tender closes on Wednesday.
* Uruguay's ANCAP issued a buy tender for a 1 million barrel
cargo for July 28 to Aug. 1 delivery closing on Wednesday.
* Indonesia's Pertamina issued a buy tender for crude
loading in July. The tender also closes on Wednesday and remains
valid until May 27.

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