West Africa Crude-February allocations trickle out, spot trade slow

LONDON: Spot trade was limited on Tuesday with several tenders due to close and February allocations still coming out for Nigerian and Angolan crude.

ANGOLA

A few cargoes remain available from the January programme and allocations were still trickling out for February.

State firm Sonangol was heard to be showing Dalia at dated Brent minus 30 cents a barrel, Saturno at dated Brent minus 40 cents a barrel and Cabinda at dated Brent plus 50 cents.

Angola's February exports are set at 1.58 million barrels per day (bpd), largely stable compared to January, the loading programme issued on Monday showed.

NIGERIA

Between 15 to 20 cargoes were still available from the January programme.

Traders were awaiting allocations for the February programme.