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LONDON: Angolan state oil company Sonangol issued its official export programme on Monday showing stable supplies, while an ample supply looked to be weighing on the Nigerian market.
ANGOLA
The January export plan lists 51 cargoes, the same as scheduled in December.
Offers have yet to emerge.
NIGERIA
Most of January's loading plans have emerged with the total so far amounting to 54 cargoes.
There are cargoes for loading in November and December available, putting downward pressure on differentials.
Qua Iboe was most recently heard offered at dated Brent plus $1 for November loading and December cargoes at dated plus $1.30, with tradeable values said to be below dated plus $1.00.
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