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W. Africa Crude-Unipec offers down, Djeno lingers

Published 06/02/2020, 17:51
Updated 06/02/2020, 17:54
© Reuters.  W. Africa Crude-Unipec offers down, Djeno lingers

LONDON, Feb 6 (Reuters) - A Chinese halt to West African

crude oil buying remained in place amid the Coronavirus outbreak

and China's Unipec lowered some prices for Angolan cargoes it

re-offered for sale amid sluggish demand at home.

* Unipec lowered its offer for Gindungo from dated Brent

flat to minus 20 cents, Pazflor from plus $1.00 to plus 80 cents

and maintained Sangos and Saturno at plus 50 cents and minus 65

cents respectively.

* Traders said Vitol expressed interest in purchasing the

cargo of Saturno but the sale did not proceed for reasons that

did not immediately emerge.

* State oil company Sonangol sold its cargo of Girassol

reportedly for around above dated Brent plus $2.50 after

offering it earlier in the week for plus $3.20.

* Sonangol continued to offer a cargo of Dalia at $1.50.

* So far as few as a single cargo of Djeno had sold among

the seven-cargo March export programme that emerged around two

weeks ago. ENI sold it to a Chinese buyer on a term basis.

* Chevron was offering a cargo of the Congolese grade at

dated Brent flat and another was being offered slightly below.

RELATED NEWS

* U.S. crude flows to Europe are set to increase over the

coming month as demand from Asia has plummeted due to the

coronavirus outbreak, traders and shipbrokers said. * Asian refiners' profits from producing gasoline have

rebounded this week from multi-month lows, outperforming other

fuels, as prices rose on dwindling supplies from China,

according to industry sources and Refinitiv data.

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