December 6, 2018 / 4:41 PM / 9 months ago

W. Africa Crude-Angolan cargoes linger, Qua offered lower

LONDON, Dec 6 (Reuters) - Angola crude oil cargoes remained in ample supply on Thursday while offers of Nigerian crude were heard to be edging lower from previously reported levels.


* The market has around 14 unsold January cargoes available, down 3 from Wednesday’s estimate but still a sizeable overhang given that next month’s programmes will be out in just over a week.

* Cargoes have sold for weaker differentials than in the previous month, a trader said, putting the month-on-month decline at around 50 cents a barrel, due to softer demand.

* Unsold cargoes include two cargoes of Cabinda, two of CLOV, two of Pazflor and two of Saturno.


* Qua Iboe was being offered at dated Brent plus $1.65 a barrel, the lower end of a range given on Wednesday.


*Indian Oil Corp was said to award its tender for Feb. 1-10 loading cargoes to Chevron and Vitol, which will each supply a VLCC, a trader said. (Reporting by Alex Lawler; Editing by Kirsten Donovan) ))

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below