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West Africa Crude-Angolan Jan exports to hold steady, Nigerian softer

Published November 20, 2017 Updated November 20, 2017 10:54pm
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By Fawad MaqsoodReuters
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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.

Copyright Reuters, 2017

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