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Markets

West Africa Crude-Angolan trade slows, Nigerian diffs fall

Published Updated

LONDON: Activity was muted on Thursday with cargoes lingering after being on offer for some two weeks, with levels falling for Nigerian grades.

ANGOLA

About eight cargoes were still available from the October schedule, one trader said.

Total was still showing Girassol and Nemba. Chevron was also still offering a cargo of Cabinda.

Unipec offered a cargo of Pazflor at dated Brent plus 45 cents and a cargo of Sangos at dated Brent plus 35 cents a barrel.

NIGERIA

About 20 October-loading cargoes were still available.

Unipec offered a cargo of Okwori along with Ghanaian Jubilee and Congolese Djeno.

for Forcados have sunk from close to dated Brent plus $2 a barrel to just above dated Brent plus $1 a barrel, one potential buyer said.

 

 

 

Copyright Reuters, 2017
 

 

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