LONDON: Angolan state oil company Sonangol sold two December-loading Angolan cargoes on Thursday, traders said, while Nigerian crude differentials were steady to slightly firmer.
ANGOLA
Sonangol sold its Nemba and Sangos crude cargoes and was still offering Dalia and Olombendo. The Dalia was being shown at dated minus 50 cents and the Olombendo at dated plus 85 cents, a trader said.
With these deals and others, details of which did not surface, about 15-20 cargoes remain from Angola's December schedule.
NIGERIA
The number of unsold November cargoes has dwindled this week and traders said December cargoes are finding buyers.
Firm differentials for Mediterranean light, sweet crude are lending the Nigerian market support, a trader said.
Chevron bought a Bonga cargo from Shell and Exxon was heard to have bought a Bonny cargo, a trader said. Further details were not available.
Differentials looked stable to a bit higher. Qua Iboe was last heard on offer at dated Brent plus $1.30 a barrel, 5 cents higher than a level reported on Monday.
TENDERS
Indian Oil Corp. was heard to have bought a cargo of Esravos in a prompt tender. Further details did not emerge.
Indonesia's Pertamina is running a buy tender for the first quarter of 2018. The tender closes on Nov. 1 and remains valid until Nov. 7.
Comments
Comments are closed for this article.