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Markets

West Africa Crude-Angolan programme emerges

Published July 17, 2017 Updated July 17, 2017 07:03pm

LONDON: State firm Sonangol issued its September loading programme on Monday with traders immediately offering cargoes as August cargoes are sold out.

Nigerian September loading programmes are also expected to emerge this week.

Exports of Angolan crude oil are expected to fall to 50 cargoes in September, down from 54 cargoes in August, a loading plan showed on Monday.

With the emergence of the programme, ExxonMobil immediately offered five cargoes.

Exxon showed Saxi at dated Brent plus 10 cents loading Sept. 10-11, Dalia at dated Brent minus 40 cents a barrel loading Sept. 13-14, Pazflor at dated Brent minus 30 cents loading Sept. 9-10, Kissanje at dated Brent plus 10 cents a barrel loading Sept. 21-22 and Zafiro at dated Brent plus 25 cents a barrel loading Sept. 6-7.

French oil and gas company Total said on Monday that crude exports from its Djeno terminal in Congo Republic was ongoing and unaffected following a strike last week and the sinking of a loading buoy in an unrelated accident.

 

 

Copyright Reuters, 2017

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