Markets
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 T
1 min
By
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.