West Africa Crude-More Angolan cargoes find buyers

LONDON: The number of remaining Angolan cargoes for May loading is getting steadily smaller, traders said on Tuesday, after sellers such as state oil company Sonangol lowered their asking prices.

ANGOLA

Around 9 or 10 Angolan cargoes from the May programme are still available, down from Monday's assessment of 14-15 cargoes.

Of these, state oil company Sonangol just has a Dalia cargo to sell, which it was still offering at dated Brent minus 70 cents a barrel. Sonangol lowered its offer for Dalia to that level on Monday. One potential buyer saw value closer to dated minus $1.00.

NIGERIA

Nigerian Qua Iboe was offered at around dated Brent plus $1.00 a barrel but trade levels were thought to be slightly lower.

There is ample supply of Nigerian crude. One trader said there was about 30 cargoes available.